Callan Capital LLC Buys New Stake in Stellantis (NYSE:STLA)

Callan Capital LLC purchased a new position in Stellantis (NYSE:STLA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,866 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors have also modified their holdings of the business. Cromwell Holdings LLC grew its stake 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 acquiring an additional 1,036 shares in the last quarter. Prospera Financial Services Inc grew its stake in shares of Stellantis by 9.5% in the third quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock worth $192,000 after acquiring an additional 1,192 shares in the last quarter. Spire Wealth Management grew its stake in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Caprock Group LLC grew its stake in shares of Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company’s stock worth $317,000 after acquiring an additional 1,558 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI began coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Stellantis presently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Price Performance

Stellantis stock opened at $13.95 on Friday. The company has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $13.91. Stellantis has a 12-month low of $12.12 and a 12-month 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.

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.