HighTower Advisors LLC Trims Stake in Stellantis (NYSE:STLA)

HighTower Advisors LLC lessened its holdings in shares of Stellantis (NYSE:STLA) by 7.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 35,088 shares of the company’s stock after selling 2,772 shares during the quarter. HighTower Advisors LLC’s holdings in Stellantis were worth $494,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of STLA. Rothschild Investment LLC purchased a new position in shares of Stellantis during the second quarter worth approximately $25,000. Waldron Private Wealth LLC bought a new position in Stellantis in the third quarter worth approximately $33,000. Central Pacific Bank Trust Division purchased a new position in Stellantis during the 3rd quarter worth $35,000. Cromwell Holdings LLC raised its position in Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Stellantis in the 3rd quarter worth $47,000. Institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

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

Stellantis Price Performance

STLA stock opened at $12.89 on Friday. The business has a 50 day moving average price of $13.28 and a 200 day moving average price of $16.02. 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 stock has a market cap of $40.38 billion, a price-to-earnings ratio of 4.23, a PEG ratio of 0.45 and a beta of 1.60. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51.

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.