Central Pacific Bank Trust Division Boosts Stake in Stellantis (NYSE:STLA)

Central Pacific Bank Trust Division increased its position in shares of Stellantis (NYSE:STLA) by 160.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,500 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Stellantis were worth $85,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in STLA. Waldron Private Wealth LLC acquired a new stake in shares of Stellantis during the third quarter worth about $33,000. Cromwell Holdings LLC grew its stake in shares of Stellantis by 52.9% in the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Stellantis in the third quarter valued at approximately $47,000. ORG Partners LLC raised its stake in shares of Stellantis by 112.1% during the third quarter. ORG Partners LLC now owns 4,030 shares of the company’s stock worth $57,000 after purchasing an additional 2,130 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Stellantis during the second quarter worth $91,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on STLA shares. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Finally, Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Performance

NYSE STLA opened at $12.53 on Monday. The business has a 50 day moving average price of $13.23 and a 200 day moving average price of $15.36. The company has a market capitalization of $39.25 billion, a P/E ratio of 4.11, a PEG ratio of 0.45 and a beta of 1.60. 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 current ratio of 1.14 and a quick ratio of 0.85.

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.