Altrius Capital Management Inc Raises Stock Position in Stellantis (NYSE:STLA)

Altrius Capital Management Inc increased its position in shares of Stellantis (NYSE:STLA - Free Report) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,123 shares of the company's stock after purchasing an additional 136,965 shares during the period. Stellantis accounts for approximately 1.7% of Altrius Capital Management Inc's portfolio, making the stock its 24th largest position. Altrius Capital Management Inc's holdings in Stellantis were worth $6,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Stellantis in the second quarter valued at $25,000. Waldron Private Wealth LLC purchased a new position in Stellantis during the third quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new position in Stellantis during the third quarter worth about $35,000. ORG Partners LLC purchased a new position in Stellantis during the second quarter worth about $38,000. Finally, Cromwell Holdings LLC raised its holdings 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 purchasing an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

NYSE STLA traded down $0.03 during mid-day trading on Friday, reaching $13.34. 5,882,516 shares of the stock were exchanged, compared to its average volume of 6,935,297. Stellantis has a 1-year low of $12.74 and a 1-year high of $29.51. The business's fifty day simple moving average is $14.03 and its 200 day simple moving average is $17.67. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on STLA shares. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Stellantis in a report on Friday, October 4th. Nomura Securities raised shares of Stellantis from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 31st. Jefferies Financial Group reiterated a "hold" rating and issued a $16.44 price target (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Wolfe Research reiterated a "peer perform" rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Barclays lowered shares of Stellantis from an "overweight" rating to an "equal weight" rating in a research report on Thursday, October 3rd. One 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.com, Stellantis currently has an average rating of "Hold" and an average target price of $27.34.

About Stellantis

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.