Engineers Gate Manager LP Has $1.89 Million Stock Holdings in Stellantis N.V. $STLA

Engineers Gate Manager LP grew its holdings in Stellantis N.V. (NYSE:STLA) by 439.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 333,091 shares of the company’s stock after purchasing an additional 271,303 shares during the quarter. Engineers Gate Manager LP’s holdings in Stellantis were worth $1,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of STLA. IFP Advisors Inc lifted its stake in shares of Stellantis by 1,534.8% in the 2nd quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock valued at $26,000 after purchasing an additional 4,190 shares during the last quarter. Sarver Vrooman Wealth Advisors bought a new stake in Stellantis in the fourth quarter worth $52,000. MinichMacGregor Wealth Management LLC acquired a new position in Stellantis during the first quarter worth $73,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in Stellantis during the second quarter worth $65,000. Finally, Summit Financial Strategies Inc. bought a new position in Stellantis during the first quarter valued at about $83,000. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

STLA has been the subject of a number of analyst reports. Wall Street Zen cut Stellantis from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a report on Friday, July 3rd. Weiss Ratings lowered Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Evercore set a $7.50 target price on Stellantis in a research report on Friday, July 31st. Finally, Sanford C. Bernstein downgraded Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, Stellantis has a consensus rating of “Reduce” and an average target price of $7.87.

Stellantis Stock Down 2.8%

Stellantis stock opened at $5.12 on Wednesday. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 13.12, a P/E/G ratio of 0.30 and a beta of 1.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.04 and a quick ratio of 0.76. Stellantis N.V. has a fifty-two week low of $5.05 and a fifty-two week high of $12.22. The firm has a fifty day moving average price of $5.51 and a two-hundred day moving average price of $6.61.

Stellantis (NYSE:STLA) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion during the quarter. As a group, analysts forecast that Stellantis N.V. will post 0.61 earnings per share for the current year.

Stellantis Profile

Stellantis N.V. (NYSE: STLA) is a global automaker that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. The company serves customers across North America, Europe, South America, the Middle East, Africa and other international markets.

Stellantis’ portfolio includes a broad range of vehicle brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall.