Moran Wealth Management LLC Lowers Stock Position in Stellantis (NYSE:STLA)

Moran Wealth Management LLC cut its holdings in shares of Stellantis (NYSE:STLA) by 75.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,997 shares of the company’s stock after selling 394,334 shares during the quarter. Moran Wealth Management LLC’s holdings in Stellantis were worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of Stellantis during the 2nd quarter valued at $25,000. Waldron Private Wealth LLC bought a new position in Stellantis in the 3rd quarter valued at $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of Stellantis in the 3rd quarter valued at about $35,000. ORG Partners LLC bought a new stake in Stellantis during the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC boosted its stake in Stellantis by 52.9% in the third 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. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of NYSE STLA opened at $12.86 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a 50 day simple moving average of $13.81 and a 200-day simple moving average of $17.34. Stellantis has a 1 year low of $12.68 and a 1 year high of $29.51.

Wall Street Analyst Weigh In

Several brokerages have commented on STLA. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI began coverage on shares of Stellantis in a report on Monday, November 11th. They set an “inline” rating on the stock. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.