Stellantis’ (STLA) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Stellantis (NYSE:STLA) in a research report report published on Tuesday, Marketbeat reports.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company started coverage on shares of Stellantis in a research note on Monday, December 11th. They set an underweight rating for the company. Sanford C. Bernstein cut shares of Stellantis from an outperform rating to a market perform rating in a research note on Wednesday, February 28th. Piper Sandler started coverage on shares of Stellantis in a research note on Friday, March 15th. They set an overweight rating and a $39.00 target price for the company. Wolfe Research started coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an outperform rating for the company. Finally, HSBC cut shares of Stellantis from a buy rating to a hold rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Stellantis presently has an average rating of Hold and an average price target of $30.23.

Stellantis Trading Down 2.4 %

STLA opened at $28.30 on Tuesday. Stellantis has a fifty-two week low of $15.07 and a fifty-two week high of $29.51. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $25.67 and a two-hundred day moving average of $22.44.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis acquired 800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $4.83 per share, for a total transaction of $3,864,000.00. Following the acquisition, the insider now owns 36,251,720 shares in the company, valued at approximately $175,095,807.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 3,150,000 shares of company stock worth $15,724,500. 0.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Stellantis

Several large investors have recently added to or reduced their stakes in the business. HighPoint Advisor Group LLC purchased a new stake in Stellantis during the 4th quarter worth approximately $201,000. PNC Financial Services Group Inc. increased its position in shares of Stellantis by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company’s stock valued at $1,026,000 after purchasing an additional 1,915 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Stellantis by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 132,914 shares of the company’s stock valued at $3,100,000 after purchasing an additional 2,123 shares during the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Stellantis in the 4th quarter valued at approximately $3,547,000. Finally, Cim LLC purchased a new stake in shares of Stellantis in the 4th quarter valued at approximately $1,977,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Company Profile

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.