SG Americas Securities LLC Has $8.23 Million Stock Position in Stellantis N.V. $STLA

SG Americas Securities LLC raised its holdings in shares of Stellantis N.V. (NYSE:STLA) by 11.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,161,506 shares of the company’s stock after buying an additional 120,954 shares during the quarter. SG Americas Securities LLC’s holdings in Stellantis were worth $8,235,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Stellantis by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 96,294,105 shares of the company’s stock worth $1,054,515,000 after acquiring an additional 1,150,400 shares during the period. Norges Bank bought a new stake in shares of Stellantis during the fourth quarter valued at approximately $553,692,000. Viking Global Investors LP acquired a new position in shares of Stellantis in the fourth quarter valued at $434,320,000. Banco Santander S.A. raised its stake in shares of Stellantis by 99.9% in the fourth quarter. Banco Santander S.A. now owns 19,046,160 shares of the company’s stock valued at $207,413,000 after purchasing an additional 9,520,576 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Stellantis by 122.8% in the fourth quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after purchasing an additional 10,337,920 shares during the period. 59.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STLA shares. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Kepler Capital Markets cut shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Zacks Research raised Stellantis from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Finally, Wall Street Zen raised Stellantis from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.65.

Stellantis Stock Down 0.8%

NYSE:STLA opened at $5.70 on Friday. The company has a market cap of $21.44 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 0.37 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03. The stock’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $8.39. Stellantis N.V. has a 52-week low of $5.61 and a 52-week high of $12.22.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The business had revenue of $44.14 billion for the quarter. On average, analysts anticipate that Stellantis N.V. will post 0.55 EPS for the current year.

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.