Stellantis (NYSE:STLA) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its holdings in shares of Stellantis (NYSE:STLA) by 33.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,704,996 shares of the company’s stock after purchasing an additional 426,445 shares during the period. Bank of Montreal Can’s holdings in Stellantis were worth $23,955,000 at the end of the most recent quarter.

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

Stellantis Stock Up 3.3 %

Shares of Stellantis stock opened at $13.22 on Friday. The business has a 50-day moving average price of $13.54 and a 200 day moving average price of $16.97. Stellantis has a fifty-two week low of $12.57 and a fifty-two week high of $29.51. The firm has a market cap of $41.40 billion, a P/E ratio of 4.20, a P/E/G ratio of 0.41 and a beta of 1.62. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

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

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.