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

Wolfe Research reaffirmed their peer perform rating on shares of Stellantis (NYSE:STLA) in a research note issued to investors on Thursday, Marketbeat.com reports.

Other research analysts have also recently issued reports about the stock. Nomura upgraded shares of Stellantis from a neutral rating to a buy rating in a report on Wednesday, July 31st. Jefferies Financial Group reissued a hold rating and set a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Barclays raised Stellantis to a strong-buy rating in a research note on Monday, June 17th. Nomura Securities raised Stellantis from a hold rating to a strong-buy rating in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein initiated coverage on Stellantis in a research report on Friday, June 28th. They issued a market perform rating and a $23.50 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of Moderate Buy and a consensus price target of $27.34.

Stellantis Stock Performance

NYSE STLA opened at $15.50 on Thursday. The company has a fifty day simple moving average of $17.61 and a 200 day simple moving average of $22.07. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. Stellantis has a 12-month low of $15.11 and a 12-month high of $29.51.

Insider Transactions at Stellantis

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new stake in Stellantis in the 2nd quarter worth about $25,000. Westend Capital Management LLC purchased a new position in shares of Stellantis in the first quarter worth about $38,000. ORG Partners LLC bought a new stake in shares of Stellantis in the second quarter valued at approximately $38,000. Cape Investment Advisory Inc. lifted its stake in shares of Stellantis by 424.4% during the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after buying an additional 1,736 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new position in Stellantis in the 2nd quarter worth approximately $54,000. 59.48% of the stock is owned by institutional investors.

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.