Brophy Wealth Management LLC Buys New Position in Stellantis (NYSE:STLA)

Brophy Wealth Management LLC bought a new stake in Stellantis (NYSE:STLA) during the third quarter, Holdings Channel.com reports. The fund bought 10,268 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in Stellantis in the second quarter valued at approximately $25,000. Waldron Private Wealth LLC purchased a new stake in Stellantis in the third quarter valued at approximately $33,000. Central Pacific Bank Trust Division purchased a new stake in Stellantis in the third quarter valued at approximately $35,000. ORG Partners LLC purchased a new stake in Stellantis in the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC raised its stake in Stellantis by 52.9% in the third quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock valued at $42,000 after purchasing an additional 1,036 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STLA has been the topic of several research reports. Evercore ISI initiated coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Wolfe Research reissued a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Finally, Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

Shares of NYSE STLA opened at $13.90 on Wednesday. The firm’s fifty day moving average is $13.27 and its 200 day moving average is $16.43. Stellantis has a 52 week low of $12.12 and a 52 week high of $29.51. The company has a quick ratio of 0.85, a current ratio of 1.14 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.