Stellantis (NYSE:STLA) Holdings Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in Stellantis (NYSE:STLA) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,363 shares of the company’s stock after acquiring an additional 8,026 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Stellantis were worth $1,179,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in Stellantis in the 3rd quarter valued at about $33,000. Central Pacific Bank Trust Division acquired a new stake in Stellantis during the third quarter valued at approximately $35,000. Cromwell Holdings LLC lifted its stake in Stellantis by 52.9% during the third 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 during the last quarter. Darwin Wealth Management LLC acquired a new position in Stellantis in the third quarter worth approximately $47,000. Finally, ORG Partners LLC increased its holdings in shares of Stellantis by 112.1% in the third quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock valued at $57,000 after buying an additional 2,130 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE:STLA opened at $12.88 on Monday. Stellantis has a fifty-two week low of $12.12 and a fifty-two week high of $29.51. 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’s 50-day moving average is $13.04 and its two-hundred day moving average is $14.83.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STLA shares. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis 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.