Darwin Wealth Management LLC Takes $47,000 Position in Stellantis (NYSE:STLA)

Darwin Wealth Management LLC bought a new position in Stellantis (NYSE:STLA) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,311 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in Stellantis by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after purchasing an additional 636 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Stellantis by 6.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock valued at $326,000 after purchasing an additional 656 shares during the period. Legacy Capital Group California Inc. boosted its position in shares of Stellantis by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock worth $214,000 after buying an additional 707 shares during the period. CWM LLC lifted its position in Stellantis by 7.6% during the 2nd quarter. CWM LLC now owns 12,424 shares of the company’s stock worth $247,000 after buying an additional 874 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Stellantis by 2.4% during the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock worth $819,000 after buying an additional 971 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Jefferies Financial Group reissued a “hold” rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Performance

STLA opened at $12.86 on Friday. The firm has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $17.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 52 week low of $12.68 and a 52 week high of $29.51.

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.