Stellantis (NYSE:STLA) Holdings Decreased by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC decreased its holdings in shares of Stellantis (NYSE:STLA) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,416 shares of the company’s stock after selling 13,850 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Stellantis were worth $606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in shares of Stellantis by 4.9% during the third quarter. FMR LLC now owns 3,137,594 shares of the company’s stock valued at $44,083,000 after buying an additional 145,583 shares in the last quarter. Mediolanum International Funds Ltd grew its stake in Stellantis by 17.4% in the third quarter. Mediolanum International Funds Ltd now owns 670,893 shares of the company’s stock valued at $9,426,000 after purchasing an additional 99,388 shares in the last quarter. Sound Income Strategies LLC grew its stake in Stellantis by 47.1% in the third quarter. Sound Income Strategies LLC now owns 280,010 shares of the company’s stock valued at $3,934,000 after purchasing an additional 89,594 shares in the last quarter. World Investment Advisors LLC purchased a new position in Stellantis in the third quarter valued at about $1,324,000. Finally, Te Ahumairangi Investment Management Ltd grew its stake in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after purchasing an additional 118,635 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE STLA opened at $13.12 on Thursday. Stellantis has a twelve month low of $12.12 and a twelve month high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $14.72.

Wall Street Analyst Weigh In

A number of brokerages have commented on STLA. Royal Bank of Canada restated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Barclays cut Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Finally, Evercore ISI assumed coverage on Stellantis in a research report on Monday, November 11th. They issued an “inline” rating for the company. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Stellantis has a consensus rating of “Hold” and an average price target of $27.34.

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.