Stellantis (NYSE:STLA) Sets New 1-Year Low – Here’s What Happened

Stellantis (NYSE:STLA) shares reached a new 52-week low on Wednesday . The stock traded as low as $8.39 and last traded at $8.52, with a volume of 30829090 shares trading hands. The stock had previously closed at $9.26.

Analyst Ratings Changes

Several brokerages have commented on STLA. Cowen began coverage on shares of Stellantis in a research note 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 dropped their price target for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.27.

Stellantis Stock Down 7.9 %

The company has a market cap of $25.77 billion, a PE ratio of 2.50 and a beta of 1.44. The company has a fifty day moving average of $12.43 and a two-hundred day moving average of $13.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Institutional Investors Weigh In On Stellantis

Institutional investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company’s stock worth $211,000 after purchasing an additional 1,149 shares during the period. Spire Wealth Management lifted its stake in shares of Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Glenorchy Capital Ltd boosted its holdings in Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company’s stock valued at $375,000 after acquiring an additional 1,340 shares during the period. Sequoia Financial Advisors LLC grew its position in Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company’s stock valued at $212,000 after acquiring an additional 1,481 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after purchasing an additional 1,489 shares during the period. 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.