Hennessy Advisors Inc. Raises Stock Holdings in Stellantis (NYSE:STLA)

Hennessy Advisors Inc. increased its stake in shares of Stellantis (NYSE:STLA) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 357,900 shares of the company’s stock after acquiring an additional 22,800 shares during the period. Hennessy Advisors Inc.’s holdings in Stellantis were worth $4,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in STLA. FMR LLC lifted its position in shares of Stellantis by 4.9% during the 3rd quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after buying an additional 145,583 shares in the last quarter. Mediolanum International Funds Ltd lifted its holdings in Stellantis by 17.4% during the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Stellantis by 47.1% during the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after purchasing an additional 89,594 shares in the last quarter. World Investment Advisors LLC purchased a new position in Stellantis during the third quarter valued at $1,324,000. Finally, Te Ahumairangi Investment Management Ltd increased its stake in shares of Stellantis by 28.3% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock worth $7,408,000 after purchasing an additional 118,635 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STLA has been the topic of a number of research analyst reports. Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of Stellantis stock opened at $12.88 on Friday. The business has a 50-day moving average of $13.04 and a 200 day moving average of $14.90. 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 12 month low of $12.12 and a 12 month high of $29.51.

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.