US Bancorp DE Has $806,000 Stock Position in Stellantis (NYSE:STLA)

US Bancorp DE trimmed its position in Stellantis (NYSE:STLA) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,778 shares of the company’s stock after selling 5,769 shares during the quarter. US Bancorp DE’s holdings in Stellantis were worth $806,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Altrius Capital Management Inc lifted its stake in Stellantis by 19.2% during the fourth quarter. Altrius Capital Management Inc now owns 590,361 shares of the company’s stock worth $7,704,000 after purchasing an additional 95,238 shares during the period. Addison Advisors LLC boosted its stake in Stellantis by 29.0% in the 4th quarter. Addison Advisors LLC now owns 7,170 shares of the company’s stock valued at $94,000 after buying an additional 1,610 shares in the last quarter. Fisher Funds Management LTD bought a new stake in Stellantis in the fourth quarter valued at $7,994,000. Callan Capital LLC acquired a new position in Stellantis during the fourth quarter worth $285,000. Finally, Camelot Portfolios LLC lifted its holdings in shares of Stellantis by 39.1% during the fourth quarter. Camelot Portfolios LLC now owns 76,017 shares of the company’s stock valued at $992,000 after acquiring an additional 21,379 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 1.0 %

STLA stock opened at $12.86 on Tuesday. The business has a fifty day moving average of $13.10 and a 200-day moving average of $13.67. The company has a market cap of $38.86 billion, a P/E ratio of 3.77 and a beta of 1.64. Stellantis has a twelve month low of $11.40 and a twelve month high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Stellantis in a report on Friday. They issued a “hold” rating and a $13.00 target price on the stock. Cowen assumed coverage on shares of Stellantis in a research note on Thursday. They set a “hold” rating on the stock. Finally, Evercore ISI assumed coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Stellantis has an average rating of “Hold” and a consensus target price of $24.47.

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.