Signaturefd LLC Sells 1,260 Shares of Stellantis (NYSE:STLA)

Signaturefd LLC lessened its position in Stellantis (NYSE:STLA) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,791 shares of the company’s stock after selling 1,260 shares during the period. Signaturefd LLC’s holdings in Stellantis were worth $911,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the 4th quarter worth $26,000. Darwin Wealth Management LLC acquired a new stake in shares of Stellantis during the third quarter worth about $47,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares in the last quarter. Spire Wealth Management grew its position in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in Stellantis by 160.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after purchasing an additional 4,000 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STLA shares. TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Cowen assumed coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating for the company. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.84.

Stellantis Stock Up 0.4 %

NYSE STLA opened at $12.68 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company has a market cap of $38.32 billion, a price-to-earnings ratio of 3.72 and a beta of 1.64. The company has a 50 day moving average of $13.04 and a 200-day moving average of $13.48. Stellantis has a 1-year low of $11.40 and a 1-year high of $29.51.

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.