Stellantis’ (STLA) Hold Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Stellantis (NYSE:STLA) in a report issued on Tuesday, MarketBeat Ratings reports.

Several other analysts have also recently weighed in on STLA. Wells Fargo & Company started coverage on shares of Stellantis in a research note on Monday, December 11th. They issued an underweight rating on the stock. Wolfe Research started coverage on shares of Stellantis in a research report on Thursday, February 1st. They set an outperform rating on the stock. Redburn Atlantic started coverage on shares of Stellantis in a research report on Wednesday, January 24th. They set a buy rating on the stock. Sanford C. Bernstein cut shares of Stellantis from an outperform rating to a market perform rating in a research report on Wednesday, February 28th. Finally, HSBC cut shares of Stellantis from a buy rating to a hold rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $30.23.

Stellantis Price Performance

Shares of STLA opened at $28.30 on Tuesday. Stellantis has a one year low of $15.07 and a one year high of $29.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The firm has a 50 day simple moving average of $25.67 and a two-hundred day simple moving average of $22.44.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the purchase, the insider now directly owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 3,150,000 shares of company stock valued at $15,724,500 in the last quarter. Insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in Stellantis during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its stake in shares of Stellantis by 307.4% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,707 shares of the company’s stock worth $33,000 after acquiring an additional 1,288 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Stellantis during the 4th quarter worth $40,000. Global Retirement Partners LLC boosted its stake in shares of Stellantis by 953.6% during the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Solstein Capital LLC purchased a new position in shares of Stellantis during the 4th quarter worth $50,000. 59.48% of the stock is owned by hedge funds and other 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.