Leonteq Securities AG Invests $77.21 Million in Stellantis N.V. $STLA

Leonteq Securities AG acquired a new position in Stellantis N.V. (NYSE:STLA) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,089,915 shares of the company’s stock, valued at approximately $77,209,000. Stellantis accounts for 2.3% of Leonteq Securities AG’s investment portfolio, making the stock its 5th largest position.

A number of other institutional investors have also made changes to their positions in the business. National Bank of Canada FI increased its stake in shares of Stellantis by 3.7% in the third quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock worth $306,000 after purchasing an additional 1,186 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Stellantis by 28.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock worth $77,000 after acquiring an additional 1,586 shares during the period. SBI Securities Co. Ltd. increased its position in Stellantis by 8.7% during the third quarter. SBI Securities Co. Ltd. now owns 22,138 shares of the company’s stock worth $207,000 after acquiring an additional 1,781 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Stellantis by 3.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,189 shares of the company’s stock worth $506,000 after acquiring an additional 1,817 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in Stellantis by 17.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 12,201 shares of the company’s stock worth $133,000 after acquiring an additional 1,827 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Stellantis in a research report on Thursday, April 16th. Wolfe Research raised shares of Stellantis from an “underperform” rating to a “peer perform” rating in a research report on Monday, February 9th. Bank of America lowered shares of Stellantis from a “neutral” rating to an “underperform” rating in a research report on Monday, May 11th. Finally, Morgan Stanley lowered shares of Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target on the stock. in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.12.

Stellantis Trading Up 2.4%

Shares of Stellantis stock opened at $7.53 on Thursday. The firm has a market capitalization of $28.32 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75. The company’s fifty day moving average price is $7.46 and its two-hundred day moving average price is $9.03. Stellantis N.V. has a 52-week low of $6.28 and a 52-week high of $12.22.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion during the quarter. On average, analysts expect that Stellantis N.V. will post 1.01 EPS for the current year.

More Stellantis News

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Stellantis is preparing to outline a turnaround strategy, including a U.S. recovery plan, a leaner brand portfolio, and new partnerships, which could improve investor confidence in management’s ability to stabilize the business. Reuters article
• Positive Sentiment: The company announced a European joint venture with Dongfeng focused on new-energy vehicles, supporting its push into lower-cost EVs and broadening its China-linked growth strategy. GlobeNewswire article
• Positive Sentiment: Stellantis also announced collaboration talks with Jaguar Land Rover in the U.S., potentially creating product-development synergies and helping improve efficiency. GlobeNewswire article
• Positive Sentiment: J.P. Morgan reportedly reiterated a Buy rating, adding a favorable analyst signal ahead of the company’s investor strategy update. Globe and Mail article
• Neutral Sentiment: Stellantis is expanding affordable EV plans in Europe, including a small-car project and new production in Italy, which is strategically important but still several years from production. GlobeNewswire article
• Neutral Sentiment: The Ram brand’s new V-8-powered “muscle trucks” may help generate interest with truck buyers, but the launch is more of a product update than an immediate financial catalyst. CNBC article
• Negative Sentiment: Multiple law firms are publicizing class-action lawsuits and lead-plaintiff deadlines against Stellantis, keeping legal risk and potential overhang on the shares front and center. PR Newswire article
• Negative Sentiment: Those lawsuits allege the company misled investors about electrification earnings potential and restructuring needs, which could weigh on sentiment until there is more clarity. GlobeNewswire article

Stellantis 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.