Prudential PLC Invests $557,000 in Stellantis N.V. $STLA

Key Points

• Prudential PLC acquired 50,139 shares of Stellantis N.V., valued at approximately $557,000, as reported in their latest 13F filing.
• Multiple hedge funds, including Deutsche Bank AG and Bridgewater Associates LP, have also recently increased their stakes in Stellantis, indicating growing institutional interest.
• Analyst ratings on Stellantis have varied, with some firms downgrading and others upgrading the stock, leading to a consensus rating of "Hold" with a target price of $12.74.

Prudential PLC purchased a new stake in shares of Stellantis N.V. (NYSE:STLA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 50,139 shares of the company's stock, valued at approximately $557,000.

A number of other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of Stellantis by 23.3% during the first quarter. HighTower Advisors LLC now owns 39,431 shares of the company's stock valued at $442,000 after buying an additional 7,457 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Stellantis by 11.3% during the 1st quarter. Public Sector Pension Investment Board now owns 1,097,691 shares of the company's stock valued at $12,168,000 after acquiring an additional 111,672 shares during the period. Nuveen LLC purchased a new stake in shares of Stellantis during the 1st quarter valued at about $56,349,000. Aigen Investment Management LP purchased a new stake in shares of Stellantis during the 1st quarter valued at about $1,080,000. Finally, Strengthening Families & Communities LLC grew its stake in shares of Stellantis by 4.0% in the first quarter. Strengthening Families & Communities LLC now owns 44,038 shares of the company's stock worth $494,000 after acquiring an additional 1,700 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Stock Performance

Stellantis stock traded down $0.10 during midday trading on Monday, hitting $9.69. The stock had a trading volume of 8,520,351 shares, compared to its average volume of 22,153,944. Stellantis N.V. has a 52-week low of $8.39 and a 52-week high of $16.92. The company has a market capitalization of $29.29 billion, a PE ratio of 2.84, a P/E/G ratio of 0.58 and a beta of 1.45. The firm's fifty day moving average is $9.69 and its two-hundred day moving average is $10.64. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on STLA shares. Wolfe Research lowered shares of Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group raised shares of Stellantis from a "hold" rating to a "buy" rating and upped their price target for the company from $10.25 to $13.20 in a research report on Wednesday, June 25th. Finally, Bank of America downgraded shares of Stellantis from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $16.50 to $11.75 in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.74.

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.