R Squared Ltd Purchases New Shares in Stellantis (NYSE:STLA)

R Squared Ltd acquired a new position in shares of Stellantis (NYSE:STLA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,590 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis during the fourth quarter valued at approximately $26,000. Waldron Private Wealth LLC bought a new position in Stellantis in the 3rd quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of Stellantis in the 3rd quarter valued at $35,000. Cromwell Holdings LLC raised its position in shares of Stellantis by 52.9% during the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after acquiring an additional 1,036 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Stellantis during the third quarter valued at $47,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on STLA. Evercore ISI started coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

STLA opened at $13.52 on Friday. The firm’s fifty day moving average is $13.06 and its two-hundred day moving average is $14.49. Stellantis has a twelve month low of $12.12 and a twelve month 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.

Stellantis 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.