Intech Investment Management LLC Decreases Holdings in Stellantis N.V. $STLA

Intech Investment Management LLC cut its holdings in shares of Stellantis N.V. (NYSE:STLA) by 40.2% during the 4th quarter, HoldingsChannel reports. The fund owned 494,081 shares of the company’s stock after selling 332,804 shares during the quarter. Intech Investment Management LLC’s holdings in Stellantis were worth $5,490,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Stellantis by 3.2% during the fourth quarter. Legal & General Group Plc now owns 13,510,286 shares of the company’s stock worth $150,002,000 after acquiring an additional 421,069 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Stellantis during the fourth quarter worth approximately $77,209,000. Banque Cantonale Vaudoise raised its stake in shares of Stellantis by 1,342.0% during the fourth quarter. Banque Cantonale Vaudoise now owns 293,387 shares of the company’s stock worth $3,260,000 after acquiring an additional 273,041 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of Stellantis by 66.3% during the fourth quarter. AlphaCore Capital LLC now owns 16,892 shares of the company’s stock worth $184,000 after acquiring an additional 6,737 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new position in shares of Stellantis during the fourth quarter worth approximately $4,434,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Down 0.1%

Shares of NYSE STLA opened at $7.98 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 52 week low of $6.28 and a 52 week high of $12.22. The firm’s fifty day moving average is $7.62 and its 200 day moving average is $8.92. The company has a market cap of $30.02 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 0.28 and a beta of 1.41.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $44.14 billion during the quarter. On average, equities research analysts expect that Stellantis N.V. will post 1.01 earnings per share for the current year.

Key Stellantis News

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis is continuing to push its commercial-vehicle strategy, with plans for new models and product updates over the next several years, which could support revenue growth and improve its competitive position. Stellantis’s Commercial-Vehicle Unit to Launch 11 New Models by 2030
• Positive Sentiment: The company also emphasized software modernization and tech partnerships, including work tied to software-defined EV platforms and cost-cutting modular architecture, which may improve margins over time. Stellantis Deepens Global Tech Alliances To Advance Software Defined EV Platforms
• Neutral Sentiment: Stellantis said it has no major plans to expand its recent Jaguar Land Rover and Tata Motor partnerships into Europe, which appears more like a clarification of strategy than a major catalyst. Stellantis plays down European scope for JLR and Tata partnerships
• Negative Sentiment: The biggest overhang is a new recall of more than 419,000 U.S. vehicles over improper side air bag deployment, which raises warranty, repair, and reputation risks. Stellantis to recall over 419,000 US vehicles over improper side air bag deployment
• Negative Sentiment: Multiple law firms also issued class-action deadline notices tied to alleged securities fraud claims, keeping legal uncertainty in focus and adding to investor caution. STLA DEADLINE NOTICE: ROSEN… Securities Class Action

Analyst Ratings Changes

STLA has been the topic of several research reports. Wolfe Research raised shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research note on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Loop Capital set a $8.00 price target on shares of Stellantis in a research note on Monday, March 2nd. Citigroup reissued a “buy” rating on shares of Stellantis in a research note on Thursday, April 16th. Finally, Bank of America downgraded shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Stellantis currently has a consensus rating of “Hold” and an average price target of $10.91.

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.