Voya Investment Management LLC Decreases Stock Holdings in Stellantis N.V. $STLA

Voya Investment Management LLC lowered its holdings in Stellantis N.V. (NYSE:STLA) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,773 shares of the company’s stock after selling 66,631 shares during the period. Voya Investment Management LLC’s holdings in Stellantis were worth $2,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in Stellantis in the second quarter valued at about $28,000. Atlantic Union Bankshares Corp purchased a new position in Stellantis in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its position in Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after acquiring an additional 2,448 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Stellantis during the second quarter worth $74,000. Finally, Plancorp LLC acquired a new position in shares of Stellantis during the second quarter worth $100,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on STLA. Wall Street Zen downgraded shares of Stellantis from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stellantis in a research report on Wednesday, October 8th. DZ Bank upgraded Stellantis from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Cowen reissued a “hold” rating on shares of Stellantis in a report on Friday, December 12th. Finally, Berenberg Bank upgraded Stellantis from a “hold” rating to a “buy” rating and set a $11.20 price objective on the stock in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.75.

Stellantis Price Performance

NYSE:STLA opened at $11.06 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a one year low of $8.39 and a one year high of $14.28. The stock has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $10.11.

Stellantis (NYSE:STLA) last released its earnings results on Thursday, October 30th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($1.32). The business had revenue of $87.44 billion during the quarter, compared to the consensus estimate of $87.94 billion. Sell-side analysts forecast that Stellantis N.V. will post 2.3 EPS for the current year.

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.