Crossmark Global Holdings Inc. Increases Holdings in Stellantis (NYSE:STLA)

Crossmark Global Holdings Inc. raised its stake in Stellantis (NYSE:STLA) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,239 shares of the company’s stock after acquiring an additional 2,679 shares during the period. Crossmark Global Holdings Inc.’s holdings in Stellantis were worth $890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its position in 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 during the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Stellantis by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 357,900 shares of the company’s stock worth $4,671,000 after buying an additional 22,800 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Stellantis by 9.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 90,363 shares of the company’s stock valued at $1,179,000 after buying an additional 8,026 shares during the last quarter. Accurate Wealth Management LLC increased its position in shares of Stellantis by 158.7% during the fourth quarter. Accurate Wealth Management LLC now owns 45,577 shares of the company’s stock valued at $571,000 after acquiring an additional 27,962 shares in the last quarter. Finally, Persium Advisors LLC purchased a new position in Stellantis in the 4th quarter worth approximately $263,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA opened at $13.39 on Friday. The stock’s 50-day simple moving average is $13.02 and its two-hundred day simple moving average is $14.67. Stellantis has a 52-week low of $12.12 and a 52-week high of $29.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Wall Street Analyst Weigh In

Several brokerages have commented on STLA. Royal Bank of Canada reiterated a “sector perform” rating on shares of Stellantis in a research note on Friday, October 4th. Evercore ISI initiated coverage on Stellantis in a report on Monday, November 11th. They issued an “inline” rating for the company. Finally, Barclays cut shares of Stellantis from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stellantis currently has an average rating of “Hold” and a consensus target price 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.