Stellantis (NYSE:STLA) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in Stellantis (NYSE:STLA - Free Report) by 41.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,560 shares of the company's stock after selling 46,214 shares during the period. Crossmark Global Holdings Inc.'s holdings in Stellantis were worth $921,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Rothschild Investment LLC bought a new stake in shares of Stellantis during the second quarter worth approximately $25,000. Waldron Private Wealth LLC bought a new stake in shares of Stellantis in the 3rd quarter valued at about $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis during the third quarter worth $35,000. ORG Partners LLC acquired a new stake in Stellantis during the 2nd quarter worth about $38,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company's stock worth $42,000 after buying an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Up 0.2 %

Shares of Stellantis stock traded up $0.03 during trading on Friday, hitting $13.40. 3,157,063 shares of the company's stock were exchanged, compared to its average volume of 6,923,022. Stellantis has a 52-week low of $12.74 and a 52-week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $14.03 and a 200-day simple moving average of $17.67.

Wall Street Analyst Weigh In

Several research firms have commented on STLA. Evercore ISI assumed coverage on shares of Stellantis in a research note on Monday. They issued an "inline" rating for the company. Nomura raised Stellantis from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 31st. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Stellantis in a research note on Friday, October 4th. Jefferies Financial Group reiterated a "hold" rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Finally, Nomura Securities raised Stellantis from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.