Parametrica Management Ltd Buys New Position in Stellantis (NYSE:STLA)

Parametrica Management Ltd purchased a new position in shares of Stellantis (NYSE:STLA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,200 shares of the company’s stock, valued at approximately $211,000.

Several other hedge funds have also made changes to their positions in STLA. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the fourth quarter worth $26,000. MassMutual Private Wealth & Trust FSB grew its stake in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares in the last quarter. Spire Wealth Management increased its holdings 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 purchasing an additional 1,211 shares during the period. Central Pacific Bank Trust Division raised its position in Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Stellantis in the 4th quarter valued at about $85,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

STLA has been the subject of several analyst reports. Cowen began coverage on shares of Stellantis in a report on Thursday, March 6th. They set a “hold” rating for the company. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target for the company. Ten analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.27.

Stellantis Stock Performance

Shares of STLA stock opened at $12.41 on Wednesday. The stock’s 50-day moving average is $13.01 and its two-hundred day moving average is $13.36. 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 1 year low of $11.40 and a 1 year high of $29.03. The firm has a market cap of $37.52 billion, a price-to-earnings ratio of 3.64 and a beta of 1.64.

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.