Ruane Cunniff & Goldfarb L.P. Has $726,000 Stock Holdings in Stellantis (NYSE:STLA)

Ruane Cunniff & Goldfarb L.P. increased its position in shares of Stellantis (NYSE:STLA) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,673 shares of the company’s stock after acquiring an additional 6,509 shares during the period. Stellantis comprises 0.0% of Ruane Cunniff & Goldfarb L.P.’s holdings, making the stock its 26th largest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Stellantis were worth $726,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in STLA. Tidal Investments LLC boosted its position in shares of Stellantis by 8.2% during the 1st quarter. Tidal Investments LLC now owns 51,497 shares of the company’s stock worth $1,457,000 after acquiring an additional 3,911 shares in the last quarter. Virtu Financial LLC acquired a new stake in Stellantis in the first quarter valued at approximately $382,000. Cetera Investment Advisers acquired a new stake in Stellantis in the first quarter valued at approximately $2,168,000. Cetera Advisors LLC boosted its position in Stellantis by 227.0% in the first quarter. Cetera Advisors LLC now owns 41,606 shares of the company’s stock valued at $1,184,000 after buying an additional 28,882 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Stellantis by 6.0% in the first quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock valued at $326,000 after buying an additional 656 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 1.4 %

Shares of NYSE STLA opened at $12.79 on Thursday. Stellantis has a twelve month low of $12.57 and a twelve month 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 firm has a fifty day simple moving average of $13.68 and a 200 day simple moving average of $17.09.

Wall Street Analyst Weigh In

A number of analysts have weighed in on STLA shares. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $16.44 price target (down previously from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Company 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.