Polianta Ltd Makes New Investment in Stellantis N.V. $STLA

Polianta Ltd purchased a new stake in shares of Stellantis N.V. (NYSE:STLA) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 234,600 shares of the company’s stock, valued at approximately $1,663,000. Stellantis accounts for about 0.2% of Polianta Ltd’s holdings, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Bank of Canada FI lifted its position in Stellantis by 3.7% during the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after purchasing an additional 1,186 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Stellantis by 28.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after buying an additional 1,586 shares in the last quarter. Stifel Financial Corp increased its position in Stellantis by 7.6% in the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock worth $252,000 after buying an additional 1,624 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Stellantis by 113.6% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 1,755 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Stellantis by 3.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,189 shares of the company’s stock worth $506,000 after buying an additional 1,817 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a report on Monday, April 20th. TD Cowen reissued a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Kepler Capital Markets downgraded shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Bank of America cut shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Finally, Freedom Capital raised shares of Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.90.

Stellantis Stock Up 0.2%

NYSE STLA opened at $6.36 on Friday. 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 has a market capitalization of $23.92 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.41 and a beta of 1.41. The company has a fifty day moving average of $7.60 and a two-hundred day moving average of $8.59.

Stellantis (NYSE:STLA) last announced its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion for the quarter. On average, analysts predict that Stellantis N.V. will post 0.55 earnings per share for the current 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.