Altrius Capital Management Inc Purchases 136,965 Shares of Stellantis (NYSE:STLA)

Altrius Capital Management Inc lifted its stake in shares of Stellantis (NYSE:STLA) by 38.2% in the third quarter, HoldingsChannel.com reports. The fund owned 495,123 shares of the company’s stock after acquiring an additional 136,965 shares during the quarter. Stellantis accounts for approximately 1.7% of Altrius Capital Management Inc’s portfolio, making the stock its 24th largest position. Altrius Capital Management Inc’s holdings in Stellantis were worth $6,956,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in shares of Stellantis during the second quarter valued at about $25,000. Waldron Private Wealth LLC purchased a new stake in Stellantis in the third quarter worth about $33,000. Central Pacific Bank Trust Division bought a new position in shares of Stellantis in the third quarter worth approximately $35,000. ORG Partners LLC bought a new position in Stellantis during the second quarter valued at approximately $38,000. Finally, Cromwell Holdings LLC lifted its position in Stellantis by 52.9% during 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 during the period. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Performance

Shares of NYSE:STLA traded down $0.01 on Friday, reaching $13.36. The company’s stock had a trading volume of 1,167,638 shares, compared to its average volume of 6,912,689. Stellantis has a 52-week low of $12.74 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The company has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $17.67.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays downgraded shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 3rd. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a report on Friday, October 4th. Evercore ISI began coverage on shares of Stellantis in a report on Monday. They issued an “inline” rating on the stock. Finally, Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.34.

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.