Stellantis N.V. $STLA Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its stake in Stellantis N.V. (NYSE:STLA) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,510,286 shares of the company’s stock after purchasing an additional 421,069 shares during the quarter. Legal & General Group Plc’s holdings in Stellantis were worth $150,002,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of STLA. AQR Capital Management LLC raised its position in Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after purchasing an additional 33,429 shares in the last quarter. Focus Partners Wealth raised its position in Stellantis by 37.2% in the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after purchasing an additional 4,135 shares in the last quarter. M&T Bank Corp acquired a new stake in Stellantis in the 2nd quarter valued at about $154,000. EverSource Wealth Advisors LLC raised its position in Stellantis by 63.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after purchasing an additional 2,448 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Stellantis by 9.2% in the 2nd quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after purchasing an additional 5,542 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Trending Headlines about Stellantis

Here are the key news stories impacting Stellantis this week:

• Negative Sentiment: Stellantis is facing a wave of securities-fraud class action notices, with firms advertising a June 8 lead-plaintiff deadline for investors who lost money during the alleged class period. Article Title
• Negative Sentiment: More lawsuit reminders from additional law firms suggest the legal overhang is broad and could keep pressure on the shares until more clarity emerges. Article Title
• Neutral Sentiment: Stellantis also drew mixed analyst commentary and investor-day discussion, but these items were less immediate than the litigation headlines in terms of stock impact. Article Title
• Neutral Sentiment: Coverage on Stellantis’s future Alfa Romeo platform strategy and the FaSTLAne 2030 plan may support longer-term fundamentals, but it is not the main driver of today’s move. Article Title

Wall Street Analyst Weigh In

STLA has been the topic of a number of analyst reports. Bank of America lowered Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Wolfe Research upgraded Stellantis from an “underperform” rating to a “peer perform” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price objective on the stock. in a report on Tuesday, February 3rd. Finally, Kepler Capital Markets downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus price target of $10.91.

Stellantis Trading Up 4.5%

STLA opened at $8.16 on Thursday. Stellantis N.V. has a one year low of $6.28 and a one year high of $12.22. The company has a market cap of $30.72 billion, a P/E ratio of 32.65, a PEG ratio of 0.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03. The business’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $8.95.

Stellantis (NYSE:STLA) 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. As a group, equities research analysts expect that Stellantis N.V. will post 1.01 EPS for the current fiscal year.

Stellantis 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.