Stellantis (NYSE:STLA) Sets New 12-Month Low – Should You Sell?

Shares of Stellantis N.V. (NYSE:STLA) hit a new 52-week low during trading on Saturday . The stock traded as low as $6.28 and last traded at $6.3350, with a volume of 22762051 shares. The stock had previously closed at $6.50.

Wall Street Analysts Forecast Growth

STLA has been the subject of a number of recent research reports. HSBC restated a “hold” rating on shares of Stellantis in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, January 21st. Wolfe Research upgraded shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. Finally, BNP Paribas Exane cut Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $11.12.

Stellantis Stock Down 2.5%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.02. The stock’s 50 day moving average is $8.29 and its two-hundred day moving average is $9.72.

Institutional Investors Weigh In On Stellantis

A number of institutional investors have recently made changes to their positions in STLA. AQR Capital Management LLC lifted its stake in Stellantis by 68.8% in the first quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock valued at $919,000 after buying an additional 33,429 shares during the period. Focus Partners Wealth increased its stake in shares of Stellantis by 37.2% in the 1st quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock valued at $171,000 after acquiring an additional 4,135 shares during the last quarter. Creative Planning increased its stake in shares of Stellantis by 65.8% in the 2nd quarter. Creative Planning now owns 224,488 shares of the company’s stock valued at $2,252,000 after acquiring an additional 89,105 shares during the last quarter. Prudential PLC raised its position in shares of Stellantis by 22.1% in the 2nd quarter. Prudential PLC now owns 61,235 shares of the company’s stock valued at $614,000 after acquiring an additional 11,096 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Stellantis by 47.1% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,692 shares of the company’s stock valued at $168,000 after acquiring an additional 5,028 shares during the period. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Company 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.