Groupama Asset Managment lifted its holdings in Stellantis N.V. (NYSE:STLA – Free Report) by 55.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,270 shares of the company’s stock after acquiring an additional 84,764 shares during the quarter. Groupama Asset Managment’s holdings in Stellantis were worth $2,573,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its stake in Stellantis by 34.9% during the 4th quarter. Capital Research Global Investors now owns 4,236,161 shares of the company’s stock valued at $46,769,000 after acquiring an additional 1,096,413 shares in the last quarter. Norges Bank acquired a new stake in Stellantis in the 4th quarter valued at about $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Stellantis by 19.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after purchasing an additional 298,611 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Stellantis during the 4th quarter worth approximately $77,209,000. Finally, Compagnie Lombard Odier SCmA boosted its holdings in shares of Stellantis by 440.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after purchasing an additional 203,731 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.
Analyst Ratings Changes
Several research firms recently commented on STLA. Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. TD Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Citigroup restated a “neutral” rating on shares of Stellantis in a report on Tuesday, June 9th. Kepler Capital Markets downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.90.
Stellantis Stock Down 1.8%
Shares of NYSE STLA opened at $6.36 on Friday. The company has a market capitalization of $23.92 billion, a P/E ratio of 25.42, a P/E/G ratio of 0.42 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The company has a 50 day simple moving average of $7.63 and a 200-day simple moving average of $8.60. Stellantis N.V. has a 1 year low of $6.28 and a 1 year high of $12.22.
Stellantis (NYSE:STLA – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $44.14 billion during the quarter. On average, equities research analysts predict that Stellantis N.V. will post 0.55 earnings per share for the current year.
Stellantis Company Profile
Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.
In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.
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