Captrust Financial Advisors Has $45.33 Million Stake in Stellantis (NYSE:STLA)

Captrust Financial Advisors raised its holdings in shares of Stellantis (NYSE:STLA) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,233,320 shares of the company’s stock after purchasing an additional 181,052 shares during the quarter. Captrust Financial Advisors owned 0.10% of Stellantis worth $45,328,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Rothschild Investment LLC bought a new stake in shares of Stellantis in the 2nd quarter worth $25,000. Waldron Private Wealth LLC bought a new stake in Stellantis in the 3rd quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new stake in Stellantis in the 3rd quarter valued at about $35,000. ORG Partners LLC purchased a new stake in Stellantis in the 2nd quarter valued at about $38,000. Finally, Cromwell Holdings LLC lifted its position in shares of Stellantis by 52.9% during the 3rd quarter. Cromwell Holdings LLC now owns 2,993 shares of the company’s stock worth $42,000 after buying an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STLA. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 3rd. Evercore ISI started coverage on Stellantis in a research report on Monday, November 11th. They set an “inline” rating for the company. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $16.44 price objective (down previously from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Price Performance

STLA opened at $13.22 on Friday. The firm has a 50-day moving average price of $13.54 and a 200-day moving average price of $16.97. Stellantis has a twelve month low of $12.57 and a twelve month 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. The company has a market capitalization of $41.40 billion, a price-to-earnings ratio of 4.20, a PEG ratio of 0.41 and a beta of 1.62.

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.