Barclays Downgrades Stellantis (NYSE:STLA) to Equal Weight

Stellantis (NYSE:STLA) was downgraded by stock analysts at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, Marketbeat.com reports.

A number of other analysts have also weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 target price for the company. Deutsche Bank Aktiengesellschaft lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a report on Wednesday, August 7th. Finally, Wolfe Research restated a “peer perform” rating on shares of Stellantis in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Performance

Stellantis stock opened at $13.32 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $15.73 and a 200-day moving average of $20.52. The firm has a market cap of $41.71 billion, a P/E ratio of 2.66, a P/E/G ratio of 0.27 and a beta of 1.62. Stellantis has a 1-year low of $12.98 and a 1-year high of $29.51.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis purchased 2,982,089 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $3.35 per share, with a total value of $9,989,998.15. Following the transaction, the insider now directly owns 59,734,962 shares in the company, valued at $200,112,122.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.02% of the company’s stock.

Institutional Trading of Stellantis

A number of hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors purchased a new position in Stellantis in the 4th quarter worth approximately $26,808,000. Crossmark Global Holdings Inc. raised its holdings in Stellantis by 4.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 131,336 shares of the company’s stock worth $3,063,000 after acquiring an additional 5,557 shares during the last quarter. Morningstar Investment Services LLC raised its holdings in Stellantis by 102.8% in the 4th quarter. Morningstar Investment Services LLC now owns 98,589 shares of the company’s stock worth $2,312,000 after acquiring an additional 49,977 shares during the last quarter. Prudential PLC raised its holdings in Stellantis by 11.0% in the 4th quarter. Prudential PLC now owns 1,574,912 shares of the company’s stock worth $36,777,000 after acquiring an additional 156,112 shares during the last quarter. Finally, Ossiam raised its holdings in Stellantis by 181.5% in the 4th quarter. Ossiam now owns 86,307 shares of the company’s stock worth $2,016,000 after acquiring an additional 55,650 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Company Profile

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.