Sound Income Strategies LLC Boosts Stock Holdings in Stellantis (NYSE:STLA)

Sound Income Strategies LLC grew its stake in shares of Stellantis (NYSE:STLA) by 13.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 317,637 shares of the company’s stock after buying an additional 37,627 shares during the quarter. Sound Income Strategies LLC’s holdings in Stellantis were worth $4,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cromwell Holdings LLC boosted its holdings in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after acquiring an additional 1,036 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of Stellantis by 9.5% in the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company’s stock valued at $192,000 after purchasing an additional 1,192 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 purchasing an additional 1,489 shares during the period. Rhumbline Advisers increased its position in Stellantis by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 25,081 shares of the company’s stock worth $498,000 after purchasing an additional 2,070 shares in the last quarter. Finally, ORG Partners LLC raised its holdings in Stellantis by 112.1% in the third quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock valued at $57,000 after buying an additional 2,130 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Stock Up 0.8 %

Shares of Stellantis stock opened at $13.22 on Friday. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. 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 business has a 50-day moving average of $13.02 and a 200-day moving average of $14.71.

Analyst Ratings Changes

STLA has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Finally, Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Eight equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.