Stellantis (NYSE:STLA) Lowered to Neutral Rating by UBS Group

UBS Group downgraded shares of Stellantis (NYSE:STLA) from a buy rating to a neutral rating in a research report report published on Monday, Marketbeat reports.

Other research analysts have also issued research reports about the company. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. TD Cowen began coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 target price on the stock. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Ten research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has a consensus rating of “Hold” and a consensus price target of $16.49.

Stellantis Price Performance

Shares of NYSE:STLA opened at $9.24 on Monday. The company has a market cap of $27.93 billion, a PE ratio of 2.71 and a beta of 1.44. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $26.09. The firm has a 50-day simple moving average of $11.92 and a 200 day simple moving average of $12.74. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Stellantis Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis’s dividend payout ratio is 20.82%.

Institutional Investors Weigh In On Stellantis

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Stellantis by 48.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 25,070 shares of the company’s stock valued at $281,000 after purchasing an additional 8,148 shares during the period. SG Americas Securities LLC grew its position in Stellantis by 436.2% during the first quarter. SG Americas Securities LLC now owns 54,717 shares of the company’s stock valued at $613,000 after purchasing an additional 44,513 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Stellantis by 54.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after buying an additional 1,167 shares during the period. CHICAGO TRUST Co NA lifted its position in Stellantis by 18.9% in the 1st quarter. CHICAGO TRUST Co NA now owns 21,330 shares of the company’s stock worth $239,000 after buying an additional 3,394 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its stake in shares of Stellantis by 34.2% during the 1st quarter. Chemistry Wealth Management LLC now owns 62,239 shares of the company’s stock valued at $698,000 after buying an additional 15,846 shares during the period. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.