First Trust Direct Indexing L.P. Purchases 3,711 Shares of Stellantis (NYSE:STLA)

First Trust Direct Indexing L.P. lifted its position in Stellantis (NYSE:STLA) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,774 shares of the company’s stock after buying an additional 3,711 shares during the period. First Trust Direct Indexing L.P.’s holdings in Stellantis were worth $980,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STLA. Rothschild Investment LLC purchased a new stake in shares of Stellantis during the second quarter worth about $25,000. Waldron Private Wealth LLC acquired a new stake in Stellantis in the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division purchased a new stake in Stellantis during the 3rd quarter worth approximately $35,000. ORG Partners LLC acquired a new position in Stellantis during the 2nd quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 0.6 %

Shares of NYSE:STLA opened at $13.70 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12-month low of $12.74 and a 12-month high of $29.51. The business has a 50 day moving average of $14.55 and a two-hundred day moving average of $18.40.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STLA. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Stellantis currently has an average rating of “Hold” and a consensus price target of $27.34.

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the completion of the acquisition, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.02% of the company’s stock.

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.