Stellantis (NYSE:STLA) Earns Peer Perform Rating from Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Stellantis (NYSE:STLA) in a research report released on Thursday morning, MarketBeat Ratings reports.

Other research analysts also recently issued reports about the stock. Barclays raised shares of Stellantis to a strong-buy rating in a research report on Monday, June 17th. Nomura raised shares of Stellantis from a neutral rating to a buy rating in a research report on Wednesday, July 31st. Jefferies Financial Group reaffirmed a hold rating and issued a $16.44 target price (down from $27.30) on shares of Stellantis in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a buy rating to a hold rating in a research report on Monday, July 29th. Finally, Sanford C. Bernstein began coverage on shares of Stellantis in a research report on Friday, June 28th. They issued a market perform rating and a $23.50 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $27.34.

Stellantis Trading Down 2.1 %

Shares of NYSE:STLA opened at $15.50 on Thursday. Stellantis has a 52 week low of $15.11 and a 52 week high of $29.51. The company’s 50 day moving average is $17.61 and its two-hundred day moving average is $22.04. 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 $48.56 billion, a PE ratio of 3.07, a P/E/G ratio of 0.29 and a beta of 1.63.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.02% of the stock is owned by company insiders.

Institutional Trading of Stellantis

Several hedge funds have recently made changes to their positions in the company. Nvwm LLC acquired a new stake in shares of Stellantis in the fourth quarter valued at about $885,000. Wells Fargo & Company MN lifted its stake in shares of Stellantis by 12.5% in the fourth quarter. Wells Fargo & Company MN now owns 596,174 shares of the company’s stock valued at $13,903,000 after purchasing an additional 66,427 shares during the period. Cim LLC acquired a new stake in shares of Stellantis in the fourth quarter valued at about $1,977,000. Freemont Management S.A. acquired a new stake in shares of Stellantis in the fourth quarter valued at about $3,032,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Stellantis by 21.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 45,929 shares of the company’s stock valued at $1,300,000 after purchasing an additional 8,027 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

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.