O Shaughnessy Asset Management LLC Has $1.31 Million Stock Holdings in Stellantis (NYSE:STLA)

O Shaughnessy Asset Management LLC lessened its stake in shares of Stellantis (NYSE:STLA) by 42.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,119 shares of the company’s stock after selling 75,015 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Stellantis were worth $1,306,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STLA. Geneos Wealth Management Inc. acquired a new stake in shares of Stellantis during the 4th quarter valued at $26,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 last quarter. Spire Wealth Management grew its holdings 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 last quarter. Central Pacific Bank Trust Division increased its stake in shares of Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock valued at $85,000 after buying an additional 4,000 shares during the period. Finally, Life Planning Partners Inc bought a new position in Stellantis in the 4th quarter valued at approximately $85,000. 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 reports. Cowen began coverage on shares of Stellantis in a report on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Finally, Piper Sandler lowered 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 report on Thursday, March 20th. Nine analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.27.

Stellantis Stock Performance

Shares of STLA opened at $9.72 on Monday. The firm’s fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $13.13. Stellantis has a 12 month low of $9.19 and a 12 month high of $27.56. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $29.37 billion, a P/E ratio of 2.85 and a beta of 1.44.

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.