Stellantis (NYSE:STLA) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lowered its holdings in shares of Stellantis (NYSE:STLA) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,416 shares of the company’s stock after selling 13,850 shares during the period. Baker Ellis Asset Management LLC’s holdings in Stellantis were worth $606,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STLA. Rhumbline Advisers raised its stake in Stellantis by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 25,081 shares of the company’s stock valued at $498,000 after acquiring an additional 2,070 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Stellantis by 14.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,085 shares of the company’s stock valued at $3,992,000 after acquiring an additional 24,915 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Stellantis by 21.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 14,037 shares of the company’s stock valued at $279,000 after acquiring an additional 2,518 shares in the last quarter. Magnetar Financial LLC bought a new stake in Stellantis during the 2nd quarter valued at $801,000. Finally, Evergreen Capital Management LLC raised its stake in Stellantis by 2.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 41,257 shares of the company’s stock valued at $819,000 after acquiring an additional 971 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays downgraded Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Royal Bank of Canada reissued a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Finally, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of Stellantis stock opened at $13.12 on Thursday. The stock’s fifty day moving average is $13.03 and its 200-day moving average is $14.72. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51.

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.