11,529 Shares in Stellantis (NYSE:STLA) Acquired by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. acquired a new stake in shares of Stellantis (NYSE:STLA) in the 3rd quarter, HoldingsChannel reports. The firm acquired 11,529 shares of the company’s stock, valued at approximately $162,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rothschild Investment LLC bought a new position in shares of Stellantis in the second quarter worth about $25,000. Waldron Private Wealth LLC acquired a new position in Stellantis during the 3rd quarter worth approximately $33,000. Central Pacific Bank Trust Division bought a new position in Stellantis in the 3rd quarter valued at approximately $35,000. ORG Partners LLC acquired a new stake in Stellantis in the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC grew its stake in shares of 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 buying an additional 1,036 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STLA shares. Nomura Securities upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research report on Friday, October 4th. Jefferies Financial Group restated a “hold” rating and set a $16.44 price target (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Stellantis has a consensus rating of “Hold” and an average target price of $27.34.

Stellantis Stock Performance

NYSE:STLA opened at $13.35 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a fifty-two week low of $12.74 and a fifty-two week high of $29.51. The company has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $18.56.

Insider Transactions at Stellantis

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the completion of the acquisition, the insider now directly owns 59,734,962 shares in the company, valued at approximately $200,112,122.70. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.02% of the stock is currently owned by corporate insiders.

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.