Ruffer LLP Has $19.29 Million Holdings in Stellantis (NYSE:STLA)

Ruffer LLP grew its position in shares of Stellantis (NYSE:STLA) by 64.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,479,686 shares of the company’s stock after acquiring an additional 581,386 shares during the quarter. Ruffer LLP’s holdings in Stellantis were worth $19,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in Stellantis in the 4th quarter valued at $26,000. Darwin Wealth Management LLC bought a new position in shares of Stellantis during the 3rd quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Spire Wealth Management grew its position in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after buying an additional 4,000 shares during the period. Institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. TD Cowen initiated coverage on Stellantis in a research report on Friday. They issued a “hold” rating and a $13.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis has a consensus rating of “Hold” and an average price target of $24.47.

Stellantis Stock Down 0.0 %

Shares of NYSE STLA opened at $12.75 on Friday. The stock has a 50 day moving average price of $13.11 and a 200 day moving average price of $13.72. The firm has a market capitalization of $38.53 billion, a price-to-earnings ratio of 3.74 and a beta of 1.64. Stellantis has a 52-week low of $11.40 and a 52-week high of $29.51. 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 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.