Ramirez Asset Management Inc. Has $2.79 Million Stock Holdings in Stellantis N.V. $STLA

Key Points

• Ramirez Asset Management Inc. dramatically increased its holdings in Stellantis N.V. by approximately 58,855.5% in the second quarter, acquiring a total of 278,270 shares valued at about $2.79 million.
• Stellantis has seen mixed ratings from analysts, with Bank of America downgrading the stock from "buy" to "neutral" and reducing their target price to $11.75, while Jefferies Financial Group upgraded it to "buy" with a target price of $13.20.
• The company has a market cap of $32.02 billion and its stock is trading between a twelve-month low of $8.39 and a high of $14.28.

Ramirez Asset Management Inc. raised its position in Stellantis N.V. (NYSE:STLA - Free Report) by 58,855.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,270 shares of the company's stock after buying an additional 277,798 shares during the quarter. Ramirez Asset Management Inc.'s holdings in Stellantis were worth $2,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in Stellantis in the 1st quarter valued at $35,000. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% during the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock worth $35,000 after purchasing an additional 2,538 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Stellantis by 136.5% during the 1st quarter. Harbour Investments Inc. now owns 3,812 shares of the company's stock worth $43,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Wealthquest Corp acquired a new stake in shares of Stellantis during the 1st quarter worth $102,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Price Performance

Shares of STLA stock opened at $10.59 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $14.28. The company has a market cap of $32.02 billion, a P/E ratio of 3.11, a P/E/G ratio of 0.68 and a beta of 1.52. The business has a fifty day simple moving average of $9.62 and a 200 day simple moving average of $9.82.

Wall Street Analyst Weigh In

STLA has been the topic of several analyst reports. Bank of America lowered Stellantis from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $16.50 to $11.75 in a report on Monday, July 7th. BNP Paribas raised Stellantis to a "hold" rating in a report on Tuesday, September 9th. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of Stellantis in a report on Wednesday. Finally, Jefferies Financial Group raised Stellantis from a "hold" rating to a "buy" rating and increased their target price for the stock from $10.25 to $13.20 in a report on Wednesday, June 25th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.04.

Stellantis 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.

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