Stellantis (NYSE:STLA) Stock Position Lowered by SOL Capital Management CO

SOL Capital Management CO decreased its position in Stellantis (NYSE:STLA) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,550 shares of the company’s stock after selling 2,800 shares during the quarter. SOL Capital Management CO’s holdings in Stellantis were worth $346,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in Stellantis in the 4th quarter valued at about $26,000. Waldron Private Wealth LLC acquired a new stake in Stellantis during the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division bought a new stake in Stellantis during the third quarter worth approximately $35,000. Cromwell Holdings LLC grew its position in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Stellantis in the third quarter worth approximately $47,000. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

STLA has been the subject of several research reports. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Seven equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Trading Down 3.0 %

Shares of STLA stock opened at $13.12 on Friday. Stellantis has a 1-year low of $12.12 and a 1-year high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $13.06 and its 200-day simple moving average is $14.44.

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.