HighTower Advisors LLC Reduces Holdings in Stellantis (NYSE:STLA)

HighTower Advisors LLC reduced its holdings in shares of Stellantis (NYSE:STLA) by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,088 shares of the company’s stock after selling 2,772 shares during the period. HighTower Advisors LLC’s holdings in Stellantis were worth $494,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in Stellantis during the second quarter valued at approximately $25,000. Waldron Private Wealth LLC purchased a new position in shares of Stellantis during the 3rd quarter valued at $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis in the 3rd quarter worth $35,000. Ridgewood Investments LLC purchased a new stake in Stellantis in the 2nd quarter worth $54,000. Finally, Cromwell Holdings LLC raised its holdings in Stellantis by 52.9% during 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 period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of Stellantis stock opened at $12.89 on Friday. The stock has a market cap of $40.38 billion, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.60. 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 stock has a 50 day moving average price of $13.28 and a 200-day moving average price of $16.02. Stellantis has a one year low of $12.12 and a one year high of $29.51.

Analyst Ratings Changes

Several equities analysts recently weighed in on STLA shares. Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Evercore ISI began coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $27.34.

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.