Fisher Funds Management LTD Takes Position in Stellantis (NYSE:STLA)

Fisher Funds Management LTD bought a new stake in Stellantis (NYSE:STLA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 612,088 shares of the company’s stock, valued at approximately $7,994,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Stellantis in the 4th quarter valued at $26,000. Cromwell Holdings LLC grew its stake in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after purchasing an additional 1,036 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Stellantis during the third quarter worth $47,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Stellantis by 67.0% during the fourth 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 during the period. Finally, Spire Wealth Management grew its stake in shares of Stellantis by 29.7% during the fourth 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. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Stock Down 1.2 %

NYSE:STLA opened at $13.95 on Friday. Stellantis has a 1 year low of $12.12 and a 1 year high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $13.91.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.34.

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.