Citigroup Lowers Stellantis (NYSE:STLA) to Neutral

Stellantis (NYSE:STLA – Get Free Report) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Briefing.com reports.

STLA has been the subject of several other reports. Jefferies Financial Group raised their price objective on shares of Stellantis from $22.90 to $25.30 and gave the stock a “buy” rating in a report on Monday, July 31st. Bank of America raised shares of Stellantis from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of “Moderate Buy” and an average target price of $22.15.

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Stellantis Stock Down 1.2 %

Shares of STLA stock opened at $19.34 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.29 and a quick ratio of 1.03. Stellantis has a 1-year low of $11.57 and a 1-year high of $20.71. The firm has a fifty day moving average of $17.71 and a two-hundred day moving average of $17.23.

Institutional Trading of Stellantis

A number of hedge funds and other institutional investors have recently made changes to their positions in STLA. Jump Financial LLC bought a new stake in shares of Stellantis in the 1st quarter worth approximately $1,545,000. Achmea Investment Management B.V. raised its holdings in shares of Stellantis by 257.5% in the 4th quarter. Achmea Investment Management B.V. now owns 556,670 shares of the company’s stock worth $7,384,000 after purchasing an additional 400,963 shares in the last quarter. USS Investment Management Ltd raised its holdings in shares of Stellantis by 52.2% in the 4th quarter. USS Investment Management Ltd now owns 890,173 shares of the company’s stock worth $12,640,000 after purchasing an additional 305,200 shares in the last quarter. Strategic Advisors LLC raised its holdings in shares of Stellantis by 65.5% in the 1st quarter. Strategic Advisors LLC now owns 48,000 shares of the company’s stock worth $873,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. raised its holdings in shares of Stellantis by 6.5% in the 4th quarter. Ruane Cunniff & Goldfarb L.P. now owns 54,617 shares of the company’s stock worth $776,000 after purchasing an additional 3,341 shares in the last quarter. 30.93% of the stock is currently owned by institutional investors.

Stellantis Company Profile

(Get Free Report)

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 passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.

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