Adero Partners LLC Acquires Shares of 11,039 Stellantis (NYSE:STLA)

Adero Partners LLC acquired a new stake in Stellantis (NYSE:STLA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,039 shares of the company’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STLA. Geneos Wealth Management Inc. purchased a new position in Stellantis in the 4th quarter valued at about $26,000. Waldron Private Wealth LLC bought a new position in shares of Stellantis during the third quarter worth about $33,000. Cromwell Holdings LLC lifted 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 purchasing an additional 1,036 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Stellantis during the third quarter worth about $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after acquiring an additional 1,489 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on shares of Stellantis in a report on Monday, November 11th. They issued an “inline” rating on the stock. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Price Performance

Shares of NYSE:STLA opened at $12.95 on Friday. The firm’s 50 day moving average is $13.06 and its two-hundred day moving average is $14.23. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51. The firm has a market capitalization of $39.13 billion, a P/E ratio of 3.91, a PEG ratio of 0.39 and a beta of 1.58. 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 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.