337,297 Shares in Stellantis N.V. $STLA Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in Stellantis N.V. (NYSE:STLA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 337,297 shares of the company’s stock, valued at approximately $1,936,000.

Several other institutional investors have also recently made changes to their positions in STLA. United Community Bank bought a new position in Stellantis in the 4th quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in shares of Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new position in shares of Stellantis in the fourth quarter worth approximately $49,000. Sarver Vrooman Wealth Advisors purchased a new stake in Stellantis in the fourth quarter valued at approximately $52,000. Finally, EverSource Wealth Advisors LLC lifted its position in Stellantis by 63.8% during the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after purchasing an additional 2,448 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

NYSE:STLA opened at $5.42 on Friday. The firm has a market cap of $20.40 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.30 and a beta of 1.45. Stellantis N.V. has a fifty-two week low of $5.05 and a fifty-two 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 business has a 50 day moving average price of $5.75 and a 200-day moving average price of $6.95.

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

Analyst Ratings Changes

STLA has been the topic of several research reports. Weiss Ratings cut shares of Stellantis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Citigroup reiterated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, HSBC lowered Stellantis from a “hold” rating to a “reduce” rating in a research note on Friday, July 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $8.66.

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.