SG Americas Securities LLC Buys 120,954 Shares of Stellantis N.V. $STLA

SG Americas Securities LLC boosted its position in shares of Stellantis N.V. (NYSE:STLA) by 11.6% during the 1st quarter, HoldingsChannel.com reports. 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 filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. United Community Bank acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Stellantis during the 4th quarter worth approximately $27,000. Montag A & Associates Inc. bought a new stake in Stellantis in the 3rd quarter valued at $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Stellantis by 113.6% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its holdings in Stellantis by 1,402.0% during the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after purchasing an additional 3,477 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of NYSE:STLA opened at $5.70 on Friday. The firm has a 50 day moving average of $7.38 and a 200-day moving average of $8.39. Stellantis N.V. has a 12 month low of $5.61 and a 12 month high of $12.22. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $21.44 billion, a PE ratio of 22.78, a PEG ratio of 0.37 and a beta of 1.41.

Stellantis (NYSE:STLA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $44.14 billion during the quarter. On average, equities research analysts predict that Stellantis N.V. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STLA has been the subject of several research analyst reports. Loop Capital set a $8.00 target price on shares of Stellantis in a report on Monday, March 2nd. TD Cowen reissued a “hold” rating on shares of Stellantis in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Freedom Capital upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Finally, Truist Financial set a $9.00 target price on Stellantis in a research report on Friday, May 22nd. Two investment analysts have 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.65.

About Stellantis

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.