Ascent Group LLC Increases Stock Position in Stellantis (NYSE:STLA)

Ascent Group LLC raised its position in shares of Stellantis (NYSE:STLA) by 18.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,311 shares of the company’s stock after buying an additional 9,978 shares during the period. Ascent Group LLC’s holdings in Stellantis were worth $1,257,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its position in shares of Stellantis by 3.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock worth $387,000 after purchasing an additional 463 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Stellantis by 5.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after purchasing an additional 562 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Stellantis by 4.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Stellantis by 6.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after purchasing an additional 656 shares during the period. Finally, Janiczek Wealth Management LLC lifted its position in shares of Stellantis by 2.4% in the 1st quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after purchasing an additional 660 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Insider Buying and Selling at Stellantis

In related news, major shareholder N.V. Stellantis purchased 2,982,089 shares of Stellantis stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STLA has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a “market perform” rating and a $23.50 target price for the company. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Stellantis presently has an average rating of “Moderate Buy” and a consensus price target of $27.34.

Stellantis Stock Down 12.5 %

NYSE:STLA opened at $14.05 on Tuesday. The firm has a market cap of $44.02 billion, a P/E ratio of 2.81, a P/E/G ratio of 0.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a fifty-two week low of $13.76 and a fifty-two week high of $29.51. The firm has a 50-day simple moving average of $16.07 and a two-hundred day simple moving average of $20.73.

About Stellantis

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.