Atria Wealth Solutions Inc. Buys New Position in Stellantis N.V. $STLA

Atria Wealth Solutions Inc. bought a new stake in shares of Stellantis N.V. (NYSE:STLA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 10,695 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Banco Santander S.A. boosted its stake in Stellantis by 33.9% during the 1st quarter. Banco Santander S.A. now owns 9,715,593 shares of the company’s stock valued at $108,912,000 after purchasing an additional 2,457,568 shares during the period. Dimensional Fund Advisors LP boosted its stake in Stellantis by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,714,044 shares of the company’s stock valued at $113,718,000 after purchasing an additional 72,682 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Stellantis during the 4th quarter valued at approximately $93,779,000. Capital Research Global Investors lifted its position in shares of Stellantis by 306.9% in the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after acquiring an additional 5,208,889 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Stellantis in the 4th quarter worth approximately $62,769,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Up 0.7%

NYSE:STLA opened at $9.81 on Monday. Stellantis N.V. has a 12-month low of $8.39 and a 12-month high of $16.92. The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $29.66 billion, a P/E ratio of 2.88, a P/E/G ratio of 0.58 and a beta of 1.45. The stock’s fifty day simple moving average is $9.69 and its 200-day simple moving average is $10.67.

Analyst Ratings Changes

A number of analysts have commented on STLA shares. DZ Bank upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Redburn Atlantic downgraded Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded Stellantis from a “hold” rating to a “buy” rating and raised their price objective for the stock from $10.25 to $13.20 in a research report on Wednesday, June 25th. Wolfe Research downgraded Stellantis from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, July 2nd. Finally, Bank of America downgraded Stellantis from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $16.50 to $11.75 in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.