Darwin Wealth Management LLC Makes New Investment in Stellantis (NYSE:STLA)

Darwin Wealth Management LLC acquired a new stake in shares of Stellantis (NYSE:STLA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,311 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds also recently made changes to their positions in STLA. Rothschild Investment LLC bought a new stake in shares of Stellantis in the 2nd quarter worth approximately $25,000. Waldron Private Wealth LLC acquired a new stake in shares of Stellantis in the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new position in shares of Stellantis in the third quarter valued at approximately $35,000. ORG Partners LLC acquired a new position in shares of Stellantis during the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC raised its holdings in 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 in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 0.1 %

Shares of Stellantis stock opened at $12.86 on Friday. Stellantis has a 1 year low of $12.68 and a 1 year 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 moving average price of $13.81 and a 200 day moving average price of $17.34.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI began coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Nomura Securities raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Barclays lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.