Stellantis (NYSE:STLA) Downgraded by Barclays

Stellantis (NYSE:STLA) was downgraded by research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, MarketBeat.com reports.

Other equities research analysts have also issued reports about the stock. Nomura Securities upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Wolfe Research restated a “peer perform” rating on shares of Stellantis in a research note on Thursday, September 5th. Nomura upgraded Stellantis from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $16.44 price objective (down from $27.30) on shares of Stellantis in a research note on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Stellantis presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Price Performance

Shares of STLA opened at $13.32 on Thursday. The firm has a market cap of $41.71 billion, a PE ratio of 2.66, a P/E/G ratio of 0.27 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $20.52. Stellantis has a 1-year low of $12.98 and a 1-year high of $29.51.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis bought 2,982,089 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of $3.35 per share, with a total value of $9,989,998.15. Following the acquisition, the insider now owns 59,734,962 shares of the company’s stock, valued at approximately $200,112,122.70. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Stellantis by 4,914.0% in the 3rd quarter. SG Americas Securities LLC now owns 288,705 shares of the company’s stock worth $4,056,000 after buying an additional 282,947 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Stellantis during the 3rd quarter valued at about $35,000. Trust Co. of Toledo NA OH boosted its holdings in shares of Stellantis by 7.9% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 40,843 shares of the company’s stock valued at $574,000 after purchasing an additional 3,005 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Stellantis during the 2nd quarter valued at about $11,420,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Stellantis during the 2nd quarter valued at about $1,131,000. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.