Four Tree Island Advisory LLC Buys New Position in Stellantis (NYSE:STLA)

Four Tree Island Advisory LLC purchased a new position in Stellantis (NYSE:STLA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 154,695 shares of the company’s stock, valued at approximately $2,019,000. Stellantis accounts for 1.4% of Four Tree Island Advisory LLC’s portfolio, making the stock its 14th biggest holding.

Other large investors also recently bought and sold shares of the company. AustralianSuper Pty Ltd lifted its stake in shares of Stellantis by 26.3% in the third quarter. AustralianSuper Pty Ltd now owns 9,089,415 shares of the company’s stock worth $125,597,000 after acquiring an additional 1,894,146 shares in the last quarter. Conifer Management L.L.C. raised its position in shares of Stellantis by 26.4% in the 3rd quarter. Conifer Management L.L.C. now owns 9,000,000 shares of the company’s stock valued at $126,450,000 after purchasing an additional 1,880,000 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock valued at $102,340,000 after buying an additional 3,252,492 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Stellantis by 30.4% during the third quarter. Quadrature Capital Ltd now owns 3,445,648 shares of the company’s stock worth $47,752,000 after buying an additional 802,497 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Stellantis by 464.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,246,800 shares of the company’s stock worth $45,618,000 after buying an additional 2,671,500 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Performance

STLA stock opened at $12.97 on Monday. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The firm has a fifty day moving average price of $13.06 and a two-hundred day moving average price of $14.10. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

Separately, Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.34.

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.