Capital Research Global Investors Increases Stock Position in Stellantis N.V. $STLA

Capital Research Global Investors increased its position in shares of Stellantis N.V. (NYSE:STLA) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,236,161 shares of the company’s stock after buying an additional 1,096,413 shares during the period. Capital Research Global Investors’ holdings in Stellantis were worth $46,769,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Stellantis during the fourth quarter worth $553,692,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Stellantis by 19.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803,310 shares of the company’s stock worth $19,908,000 after buying an additional 298,611 shares in the last quarter. Leonteq Securities AG purchased a new stake in Stellantis during the fourth quarter worth $77,209,000. Compagnie Lombard Odier SCmA boosted its holdings in Stellantis by 440.1% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 250,022 shares of the company’s stock worth $2,778,000 after buying an additional 203,731 shares in the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in Stellantis during the fourth quarter worth $4,434,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on STLA shares. Zacks Research upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Truist Financial set a $9.00 price objective on shares of Stellantis in a research report on Friday, May 22nd. Loop Capital set a $8.00 price objective on shares of Stellantis in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.91.

Key Headlines Impacting Stellantis

Here are the key news stories impacting Stellantis this week:

• Negative Sentiment: Stellantis is recalling more than 1.3 million Jeep SUVs and trucks worldwide after regulators and company reports flagged a power-steering defect that could overheat and increase fire risk; owners were also urged to park away from structures and other vehicles until repairs are completed. Article Title
• Negative Sentiment: The U.S. NHTSA said Stellantis is recalling 1,076,999 vehicles in the United States over a power-steering system defect that could raise fire risk, adding to concerns about safety, repair costs, and potential reputational damage. Article Title
• Negative Sentiment: Chrysler, a Stellantis brand, is also recalling vehicles whose electric hydraulic power steering pump wiring may overheat and catch fire, reinforcing the severity of the defect-related headlines. Article Title
• Neutral Sentiment: Stellantis also announced a billion-euro investment in Opel and was highlighted in an autonomous-vehicle test program with Bolt and Pony.ai, but these longer-term initiatives are likely being overshadowed by the recall news. Article Title Article Title

Stellantis Price Performance

Shares of NYSE STLA opened at $7.05 on Wednesday. The firm has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $8.77. The stock has a market capitalization of $26.52 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 0.46 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.50. Stellantis N.V. has a 52 week low of $6.28 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 during the quarter. On average, equities analysts predict that Stellantis N.V. will post 0.55 earnings per share for the current fiscal 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.