Great Lakes Advisors LLC Has $2.08 Million Stock Position in Stellantis N.V. $STLA

Key Points

• Great Lakes Advisors LLC increased its stake in Stellantis N.V. by 28.0%, owning 185,320 shares valued at approximately $2.08 million after purchasing an additional 40,511 shares in the recent quarter.
• Recent changes from other institutional investors include Northern Trust Corp's 61.9% increase in its stake, bringing its total to 1,461,793 shares valued at $19.08 million.
• Stellantis shares have seen mixed ratings from analysts, with Jefferies upgrading the stock to a "buy" rating while Bank of America downgraded it to "neutral," resulting in a consensus rating of "Reduce."

Great Lakes Advisors LLC grew its position in Stellantis N.V. (NYSE:STLA - Free Report) by 28.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,320 shares of the company's stock after purchasing an additional 40,511 shares during the period. Great Lakes Advisors LLC's holdings in Stellantis were worth $2,077,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STLA. Northern Trust Corp grew its stake in shares of Stellantis by 61.9% in the 4th quarter. Northern Trust Corp now owns 1,461,793 shares of the company's stock valued at $19,076,000 after buying an additional 558,758 shares in the last quarter. Cetera Investment Advisers grew its position in Stellantis by 11.7% in the fourth quarter. Cetera Investment Advisers now owns 56,182 shares of the company's stock worth $734,000 after acquiring an additional 5,894 shares in the last quarter. Focus Partners Wealth bought a new stake in Stellantis in the fourth quarter worth approximately $145,000. Nuveen Asset Management LLC increased its stake in shares of Stellantis by 7.0% during the 4th quarter. Nuveen Asset Management LLC now owns 4,315,844 shares of the company's stock worth $56,265,000 after purchasing an additional 280,842 shares during the last quarter. Finally, Point72 Italy S.r.l. bought a new position in shares of Stellantis during the 4th quarter valued at $2,138,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STLA has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Stellantis from a "hold" rating to a "buy" rating and upped their price objective for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $16.50 to $11.75 in a report on Monday, July 7th. BNP Paribas Exane initiated coverage on Stellantis in a research note on Monday. They issued a "neutral" rating and a $10.10 price objective on the stock. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, July 2nd. Finally, Zacks Research downgraded Stellantis from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $12.21.

Stellantis Price Performance

NYSE STLA opened at $8.76 on Thursday. The stock has a 50-day simple moving average of $9.55 and a 200 day simple moving average of $10.21. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $16.29. The stock has a market capitalization of $26.47 billion, a PE ratio of 2.57, a P/E/G ratio of 0.53 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.77 and a current ratio of 1.06.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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