Investors Research Corp Lowers Stake in Stellantis (NYSE:STLA)

Investors Research Corp cut its stake in Stellantis (NYSE:STLA) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,152 shares of the company’s stock after selling 1,100 shares during the period. Investors Research Corp’s holdings in Stellantis were worth $511,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Stellantis in the fourth quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Stellantis in the third quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB boosted its position 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 during the last quarter. Spire Wealth Management boosted its position 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 during the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in shares of Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after acquiring an additional 4,000 shares during the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Trading Up 1.0 %

NYSE STLA opened at $12.86 on Tuesday. The company’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $13.67. Stellantis has a 52 week low of $11.40 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 stock has a market cap of $38.86 billion, a P/E ratio of 3.77 and a beta of 1.64.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Stellantis in a research report on Friday. They set a “hold” rating and a $13.00 price target on the stock. Cowen assumed coverage on shares of Stellantis in a research report on Thursday. They set a “hold” rating on the stock. Finally, Evercore ISI assumed coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.47.

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.