WINTON GROUP Ltd Makes New $769,000 Investment in Stellantis N.V. $STLA

WINTON GROUP Ltd bought a new position in shares of Stellantis N.V. (NYSE:STLA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,000 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Stellantis by 0.5% during the first quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after acquiring an additional 1,320 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Stellantis by 9.1% during the first quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock worth $126,000 after acquiring an additional 1,488 shares during the period. DGS Capital Management LLC boosted its position in Stellantis by 14.4% in the first quarter. DGS Capital Management LLC now owns 15,622 shares of the company’s stock worth $111,000 after purchasing an additional 1,962 shares during the last quarter. Lazard Asset Management LLC boosted its position in Stellantis by 3.0% in the first quarter. Lazard Asset Management LLC now owns 67,305 shares of the company’s stock worth $472,000 after purchasing an additional 1,963 shares during the last quarter. Finally, Corient Private Wealth LLC grew its stake in Stellantis by 5.7% in the 4th quarter. Corient Private Wealth LLC now owns 38,609 shares of the company’s stock valued at $421,000 after purchasing an additional 2,097 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on STLA shares. HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a research report on Friday, July 3rd. Wall Street Zen lowered shares of Stellantis from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Morgan Stanley downgraded shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price objective for the company. in a report on Monday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Stellantis in a research report on Thursday, July 9th. Finally, Piper Sandler cut shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 target price on the stock. in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $7.87.

Stellantis Trading Down 2.3%

Shares of Stellantis stock opened at $5.28 on Tuesday. The stock has a market capitalization of $19.85 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.31 and a beta of 1.44. Stellantis N.V. has a 52-week low of $5.05 and a 52-week high of $12.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.76 and a current ratio of 1.04. The stock’s 50-day simple moving average is $5.52 and its 200 day simple moving average is $6.63.

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

Stellantis Company 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.