Stellantis (NYSE:STLA) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its holdings in Stellantis (NYSE:STLA) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,041 shares of the company’s stock after buying an additional 5,587 shares during the period. Blue Trust Inc.’s holdings in Stellantis were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in Stellantis during the 4th quarter valued at about $26,000. Waldron Private Wealth LLC purchased a new stake in shares of Stellantis in the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis in the third quarter valued at approximately $35,000. Cromwell Holdings LLC lifted its position in 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 buying an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Stellantis during the third quarter worth $47,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

NYSE STLA opened at $13.52 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average is $13.06 and its two-hundred day moving average is $14.49. Stellantis has a 12 month low of $12.12 and a 12 month high of $29.51.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STLA. Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating for the company. Royal Bank of Canada restated 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 research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Stellantis has a consensus rating of “Hold” and an average 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.