DGS Capital Management LLC Has $1.10 Million Holdings in Stellantis (NYSE:STLA)

DGS Capital Management LLC decreased its position in shares of Stellantis (NYSE:STLA) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,960 shares of the company’s stock after selling 5,345 shares during the period. DGS Capital Management LLC’s holdings in Stellantis were worth $1,095,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STLA. Rothschild Investment LLC bought a new stake in shares of Stellantis during the second quarter valued at approximately $25,000. Waldron Private Wealth LLC acquired a new position in Stellantis during the 3rd quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new position in shares of Stellantis in the 3rd quarter valued at about $35,000. ORG Partners LLC acquired a new stake in shares of Stellantis during the 2nd quarter worth approximately $38,000. Finally, Cromwell Holdings LLC grew its position in shares of Stellantis by 52.9% during the 3rd 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 period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Stock Performance

STLA traded up $0.26 on Friday, reaching $13.97. The stock had a trading volume of 1,854,986 shares, compared to its average volume of 7,167,952. 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 fifty-two week low of $12.12 and a fifty-two week high of $29.51. The firm has a 50-day moving average of $13.29 and a 200-day moving average of $16.39.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore ISI assumed coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Finally, Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.34.

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.