Stellantis (NYSE:STLA) Sets New 52-Week Low – Here’s Why

Shares of Stellantis (NYSE:STLA) reached a new 52-week low during trading on Friday . The company traded as low as $11.30 and last traded at $11.32, with a volume of 11283770 shares changing hands. The stock had previously closed at $11.81.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STLA. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a “hold” rating on the stock. Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and an average target price of $19.27.

Stellantis Stock Performance

The firm has a 50-day simple moving average of $12.98 and a two-hundred day simple moving average of $13.34. 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 company has a market capitalization of $34.27 billion, a price-to-earnings ratio of 3.32 and a beta of 1.64.

Institutional Trading of Stellantis

A number of institutional investors have recently added to or reduced their stakes in STLA. Vanguard Group Inc. raised its holdings in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares in the last quarter. Norges Bank bought a new position in Stellantis during the fourth quarter valued at about $609,076,000. Marshall Wace LLP raised its holdings in Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Stellantis by 24.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company’s stock worth $185,626,000 after buying an additional 2,839,709 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after acquiring an additional 3,121,462 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

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.