PDS Planning Inc Invests $134,000 in Stellantis (NYSE:STLA)

PDS Planning Inc acquired a new stake in shares of Stellantis (NYSE:STLA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,247 shares of the company’s stock, valued at approximately $134,000.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the fourth quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in Stellantis in the 3rd quarter valued at $47,000. MassMutual Private Wealth & Trust FSB raised its position in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Stellantis by 29.7% in the 4th 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 period. Finally, Central Pacific Bank Trust Division boosted its holdings 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 valued at $85,000 after acquiring an additional 4,000 shares in the last quarter. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

Shares of NYSE:STLA opened at $12.68 on Thursday. The firm has a market capitalization of $38.32 billion, a price-to-earnings ratio of 3.72 and a beta of 1.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The business’s 50 day simple moving average is $13.04 and its 200-day simple moving average is $13.48. Stellantis has a 12 month low of $11.40 and a 12 month high of $29.51.

Analyst Upgrades and Downgrades

STLA has been the subject of several analyst reports. Cowen began coverage on shares of Stellantis in a report on Thursday, March 6th. They set a “hold” rating for the company. TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.84.

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.