EverSource Wealth Advisors LLC Raises Position in Stellantis (NYSE:STLA)

EverSource Wealth Advisors LLC raised its stake in Stellantis (NYSE:STLA) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,519 shares of the company’s stock after purchasing an additional 656 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Stellantis were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STLA. Hexagon Capital Partners LLC grew its holdings in Stellantis by 3.5% during the first quarter. Hexagon Capital Partners LLC now owns 13,677 shares of the company’s stock valued at $387,000 after purchasing an additional 463 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Stellantis by 5.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,508 shares of the company’s stock worth $298,000 after acquiring an additional 562 shares during the period. Janiczek Wealth Management LLC boosted its holdings in shares of Stellantis by 2.4% in the first quarter. Janiczek Wealth Management LLC now owns 28,441 shares of the company’s stock worth $805,000 after acquiring an additional 660 shares during the period. CWM LLC boosted its holdings in shares of Stellantis by 11.6% in the fourth quarter. CWM LLC now owns 6,439 shares of the company’s stock worth $150,000 after acquiring an additional 669 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of Stellantis by 23.1% in the first quarter. Lindbrook Capital LLC now owns 3,751 shares of the company’s stock worth $106,000 after acquiring an additional 704 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STLA shares. Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays upgraded Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein initiated coverage on Stellantis in a research report on Friday, June 28th. They set a “market perform” rating and a $23.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.97.

Stellantis Trading Down 1.2 %

Shares of STLA traded down $0.19 during trading hours on Friday, hitting $16.13. The company had a trading volume of 11,846,127 shares, compared to its average volume of 8,290,042. The stock’s 50 day moving average price is $20.20 and its 200 day moving average price is $23.28. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 52-week low of $15.82 and a 52-week high of $29.51.

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.