Stellantis (NYSE:STLA) Cut to Equal Weight at Barclays

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

A number of other equities analysts have also commented on the company. Nomura Securities raised Stellantis from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Wolfe Research reiterated a “peer perform” rating on shares of Stellantis in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Jefferies Financial Group reissued 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. Finally, Nomura upgraded shares of Stellantis from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.34.

Stellantis Stock Performance

Shares of NYSE STLA opened at $13.64 on Thursday. The firm’s fifty day moving average is $15.83 and its two-hundred day moving average is $20.57. Stellantis has a 52-week low of $13.60 and a 52-week high of $29.51. The company has a market cap of $42.73 billion, a P/E ratio of 2.73, a P/E/G ratio of 0.27 and a beta of 1.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Insider Buying and Selling

In related news, major shareholder N.V. Stellantis bought 2,982,089 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $9,989,998.15. Following the purchase, the insider now directly owns 59,734,962 shares of the company’s stock, valued at $200,112,122.70. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.02% of the stock is currently owned by insiders.

Institutional Trading of Stellantis

Large investors have recently modified their holdings of the company. Capital International Investors increased its stake in shares of Stellantis by 329.3% during the first quarter. Capital International Investors now owns 22,503,781 shares of the company’s stock valued at $639,609,000 after buying an additional 17,261,955 shares during the period. Capital World Investors raised its holdings in shares of Stellantis by 63.4% in the 1st quarter. Capital World Investors now owns 13,756,552 shares of the company’s stock valued at $390,811,000 after purchasing an additional 5,336,868 shares in the last quarter. M&G Plc purchased a new stake in shares of Stellantis in the 1st quarter worth approximately $128,254,000. TOMS Capital Investment Management LP bought a new position in shares of Stellantis during the fourth quarter valued at approximately $106,339,000. Finally, Dnca Finance purchased a new position in Stellantis during the second quarter valued at approximately $75,331,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.