Strengthening Families & Communities LLC Has $430,000 Stock Position in Stellantis (NYSE:STLA)

Strengthening Families & Communities LLC increased its position in shares of Stellantis (NYSE:STLA) by 19.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 30,604 shares of the company’s stock after purchasing an additional 5,031 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Stellantis were worth $430,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in Stellantis by 4.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,533 shares of the company’s stock worth $288,000 after acquiring an additional 636 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Stellantis by 6.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,519 shares of the company’s stock worth $326,000 after purchasing an additional 656 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in shares of Stellantis by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 10,777 shares of the company’s stock worth $214,000 after purchasing an additional 707 shares during the period. CWM LLC increased its holdings in Stellantis by 7.6% in the second quarter. CWM LLC now owns 12,424 shares of the company’s stock valued at $247,000 after purchasing an additional 874 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Stellantis by 2.4% in the second quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after buying an additional 971 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

NYSE:STLA opened at $13.39 on Tuesday. The stock has a 50-day simple moving average of $13.94 and a 200 day simple moving average of $17.47. Stellantis has a 52-week low of $12.74 and a 52-week high of $29.51. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

STLA has been the subject of several analyst reports. Barclays lowered Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Nomura raised shares of Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI started coverage on shares of Stellantis in a research report on Monday, November 11th. They set an “inline” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Stellantis presently has an average 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.