Waldron Private Wealth LLC Buys Shares of 2,346 Stellantis (NYSE:STLA)

Waldron Private Wealth LLC purchased a new stake in shares of Stellantis (NYSE:STLA) in the third quarter, HoldingsChannel.com reports. The fund purchased 2,346 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors have also modified their holdings of STLA. Sound Income Strategies LLC raised its position in shares of Stellantis by 47.1% during the 3rd quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock worth $3,934,000 after purchasing an additional 89,594 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Stellantis by 21.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 45,929 shares of the company’s stock valued at $1,300,000 after acquiring an additional 8,027 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Stellantis by 5.2% during the first quarter. Capital Research Global Investors now owns 1,203,915 shares of the company’s stock valued at $34,218,000 after acquiring an additional 59,169 shares during the last quarter. Sei Investments Co. grew its holdings in Stellantis by 39.2% in the first quarter. Sei Investments Co. now owns 213,716 shares of the company’s stock valued at $6,048,000 after purchasing an additional 60,177 shares during the period. Finally, Bank of Montreal Can increased its position in Stellantis by 62.1% during the second quarter. Bank of Montreal Can now owns 1,278,551 shares of the company’s stock worth $25,379,000 after purchasing an additional 489,932 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis acquired 2,982,089 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Sanford C. Bernstein started coverage on Stellantis in a research note on Friday, June 28th. They set a “market perform” rating and a $23.50 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

STLA stock opened at $13.64 on Friday. The firm has a market cap of $42.73 billion, a P/E ratio of 3.71, a price-to-earnings-growth ratio of 0.35 and a beta of 1.62. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a 1 year low of $12.74 and a 1 year high of $29.51. The stock has a 50-day simple moving average of $14.93 and a 200-day simple moving average of $18.98.

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.