Great Lakes Advisors LLC Purchases Shares of 337,297 Stellantis N.V. $STLA

Great Lakes Advisors LLC bought a new stake in Stellantis N.V. (NYSE:STLA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 337,297 shares of the company’s stock, valued at approximately $1,936,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STLA. AQR Capital Management LLC lifted its holdings in shares of Stellantis by 68.8% in the 1st quarter. AQR Capital Management LLC now owns 82,009 shares of the company’s stock worth $919,000 after purchasing an additional 33,429 shares in the last quarter. Focus Partners Wealth raised its holdings in Stellantis by 37.2% during the first quarter. Focus Partners Wealth now owns 15,261 shares of the company’s stock worth $171,000 after buying an additional 4,135 shares during the last quarter. M&T Bank Corp bought a new position in shares of Stellantis in the second quarter valued at $154,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stellantis by 63.8% in the second quarter. EverSource Wealth Advisors LLC now owns 6,286 shares of the company’s stock valued at $63,000 after buying an additional 2,448 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Stellantis by 9.2% during the second quarter. Cerity Partners LLC now owns 65,473 shares of the company’s stock valued at $657,000 after buying an additional 5,542 shares during the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Up 3.0%

STLA stock opened at $5.42 on Friday. The stock has a market cap of $20.40 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.30 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $5.75 and its two-hundred day simple moving average is $6.95. Stellantis N.V. has a 1-year low of $5.05 and a 1-year high of $12.22.

Stellantis (NYSE:STLA) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $49.63 billion during the quarter. Analysts expect that Stellantis N.V. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen lowered Stellantis from a “sell” rating to a “strong sell” rating in a report on Saturday. Bank of America downgraded Stellantis from a “neutral” rating to an “underperform” rating in a report on Monday, May 11th. Evercore set a $7.50 price objective on Stellantis in a research note on Friday, July 31st. Finally, Freedom Capital upgraded shares of Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $8.66.

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.