STLA Stellantis NV Stock quote

Though some incremental progress appears to have been made, a final agreement could come too late to avoid walkouts by UAW workers at factories in multiple states. Any strike would likely cause significant disruptions for auto production in the United States. Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. The technique has proven to be very useful for finding positive surprises.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

• For example, GM chief Mary Barra’s compensation grew by 32.5% from 2018 to 2022.
• Outside analysts say that when wages and benefits are included, Detroit Three assembly plant workers now receive around $60 an hour while workers at Asian automaker plants in the U.S. get $40 to $45.
• Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements.
• If fewer new cars are produced, inventory on dealer lots would dwindle, which could push prices higher.
• A contract offer from Ford proposed a cumulative 10% pay raise over the course of the four-year contract, plus several lump-sum payments, including $6,000 to cover inflation.

In 2022, pro forma Stellantis had sales volume of 6.0 million vehicles and EUR 179.6 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis’ largest market, accounting for 44% of 2022 global volume while North America and South America were 31% and 14%, respectively. A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating sup… The United Auto Workers (UAW) remains open to negotiating with the Big Three automakers — Ford (F), General Motors (GM), Stellantis (STLA) — ahead of the expiration date on the union’s contracts this …

NYSE: STLAStellantis Nv Stock

Talks between the Detroit Three automakers and United Auto Workers union are nearing a Thursday night deadline to reach a deal on a new contract before a potential walkout by 146,000 U.S. autoworkers. IHS analysts estimate that for every what is price effect week workers are on strike, GM’s output would fall by 55,000 vehicles a week and Ford’s by about 65,000 a week. The union is negotiating with all three automakers simultaneously, in a break from previous rounds of contract talks.

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The union and companies are continuing to trade wage and benefit counteroffers and will likely continue to do so into the work week ahead of Thursday night’s strike deadline. In a letter Friday, Mark Stewart, Stellantis’ chief operating officer, told employees that the company’s offer to the union would make it financially feasible to employ workers into the next generation. Under its proposal, Ford said it calculated that average annual pay, including overtime and lump-sum bonuses, would rise from an average of $78,000 a year last year to more than $92,000 in the first year of a new contract. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties.

Stellantis Announces Launch of Third Tranche of its Share Buyback Program

“A work stoppage of three weeks or more,” Fiorani said, “would quickly drain the excess supply, raising vehicle prices and pushing more sales to non-union brands,” Fiorani said. At the end of August, the three automakers collectively had enough vehicles to last for 70 days. Buyers who need vehicles would likely go to nonunion competitors, who would be able to charge them more. “It also protects the company’s future ability to continue to compete globally in an industry that is rapidly transitioning to electric vehicles,” Stewart wrote. Both sides began exchanging wage and benefit proposals last week.

It provides luxury and premium passenger vehicles; pickup trucks, sport utility vehicles, and commercial vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services. The company offers its products under the Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid, and Comau brand names. It sells its products directly, as well as through distributors and dealers. The company was founded in 1899 and is based in Hoofddorp, the Netherlands. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

According to 4 analysts, the average rating for STLA stock is “Strong Buy.” The 12-month stock price forecast is $25.3, which is an increase of 33.51% from the latest price. If a strike against all three companies lasted just 10 days, it would cost them nearly a billion dollars, the Anderson Economic Group has calculated. During a 40-day UAW strike in 2019, GM alone lost $3.6 billion. Yes, if it’s long and especially in the Midwest, where most auto plants are concentrated. The auto industry accounts for about 3% of the U.S. economy’s gross domestic product — its total output of goods and services — and the Detroit automakers represent about half of the total U.S. car market. Still, Fain has raised some hope by saying the union doesn’t want to strike and would prefer to reach contract agreements with the automakers.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

All offered contract-ratification bonuses but rejected the shortened work week the UAW requested. Stellantis saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 30,640,000 shares, an increase of 44.7% from the July 31st total of 21,170,000 shares. Based on an average trading volume of 4,810,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 1.4% of the company’s shares are sold short.

A UAW Strike Won’t Send the U.S. Economy Into a Recession

(0.81%), DekaBank Deutsche Girozentrale (0.56%), Goldman Sachs Group Inc. (0.00%), Bank of New York Mellon Corp (0.34%) and M&G Investment Management Ltd. (0.29%). SPDR S&P Kensho Smart Mobility ETF holds 32,349 shares of STLA stock, representing 1.13% of its portfolio. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

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But he said he visited GM and Ford on Sunday and was preparing to meet with Stellantis on Monday. Over the past decade, the Detroit Three have emerged as robust profit-makers. They’ve collectively posted net income of $164 billion, $20 billion of it this year. The CEOs of all three major automakers earn multiple millions in annual compensation. Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements.

STLA

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They also contend that too lavish a UAW contract would saddle them with expenses that would force up the retail prices of vehicles, pricing Detroit automakers above competitors from Europe and Asia. Outside analysts say that when wages and benefits are included, Detroit Three assembly plant workers now receive around $60 an hour while workers at Asian automaker plants in the U.S. get $40 to $45. 6 brokers have issued twelve-month target prices for Stellantis’ shares. Their STLA share price forecasts range from $25.30 to $25.30. On average, they predict the company’s stock price to reach $25.30 in the next twelve months. This suggests a possible upside of 33.5% from the stock’s current price.

Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis’ financial results, is included in Stellantis’ reports and filings with the U.S. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. One share of STLA stock can currently be purchased for approximately $18.96. Stellantis’ stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank of Italy (1.18%), Alliancebernstein L.P.

Data for Stellantis is unavailable because the company was formed only in 2021 and is now headquartered in Amsterdam, where pay disclosure rules are different from those in the U.S. The UAW has pointed to Big Three executives’ pay in demanding higher pay for workers. For example, GM chief Mary Barra’s compensation grew by 32.5% from 2018 to 2022. During the same period, the median GM employee’s pay grew by 2.8%, public filings show. GM, Ford and Stellantis have continued to run their factories around the clock to build up supplies on dealer lots.

Shares of these two auto giants look inexpensive as they continue to launch compelling vehicles. The automaker has said it would be sharing its good fortune with shareholders. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. STLA’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The United Auto Workers strike against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA), continues to loom as the September 14th deadline approaches.

The UAW also recently filed a complaint with the National Labor Relations Board accusing GM and Stellantis of failing to bargain in good faith and in a timely fashion. Talks have been rocky, and some industry watchers foresee a fairly high likelihood of a strike, which could take place as soon as the current contract expires one minute before midnight next Thursday. The union’s inability to organize U.S. factories run by foreign automakers represents a disadvantage for the union because those companies pay less than Detroit companies do.

Its brands are Abarth, Alfa Romeo, Chrysler, Citroën, DS, Dodge, Fiat, Jeep, Maserati, Ram, Opel, Lancia, Vauxhall, Peugeot, Teksid, and Comau. Was founded in 1899 and is headquartered in Hoofddorp, Netherlands. A contract offer from Ford proposed a cumulative https://1investing.in/ 10% pay raise over the course of the four-year contract, plus several lump-sum payments, including $6,000 to cover inflation. Stellantis (formerly Fiat Chrysler) offered 14.5% wage increases over four years, without lump sums in the wage package.

What to Know About the Potential Autoworkers Strike

But organized labor has been flexing its muscles and winning big contract settlements in other businesses. In its settlement with UPS, for example, the Teamsters won wages for its top-paid drivers of $49 an hour after five years. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

A strike at one, two or all three automakers could happen at any time from next Friday onward, though multiple strikes could be called at different times. That means up to 146,000 workers could wind up picketing simultaneously, though the total could be far fewer if a strike is limited to just one or two of the companies instead of all three. The auto industry is on edge as the current four-year contracts between the UAW and General Motors, Ford Motor and Stellantis for hourly US workers expire on midnight Sept. 14. Wall Street analysts are viewing potential strikes by the UAW union against the Detroit automakers as largely manageable, even investment opportunities. The United Auto Workers (UAW) union has warned of a coordinated strike against the Detroit Three automakers, if an agreement is not reached on a new contract covering some 150,000 workers. As Detroit automakers and labor leaders scramble to hammer out a contract that will shape the future of the US auto industry, former Ford CEO Mark Fields has words of caution for both sides.