This means that over the past quarter there has been an increase of insiders selling their shares of STLA in relation to earlier this year. Narayan covers the Industrials sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, General Motors, and Mercedes-Benz Group. According to TipRanks, Narayan has an average return of 4.7% and a 45.66% success rate on recommended stocks. Stellantis announced an annual dividend on Wednesday, February 22nd.
An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
Terms of Service apply.
GM, F, STLA: UAW Plans Targeted Strike for Tomorrow, at Big Three’s Plants
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.
STLA’s historical performance
against its industry peers and the overall market. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of STLA’s
competitive advantage. Jessica Caldwell, Edmunds head of insights, expects a strike by the United Auto Workers. A possible UAW strike shows organized labor’s growing clout, and could lead to higher inflation.
Potential UAW strike could cut production, push up vehicle prices, analysts say
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating https://1investing.in/ system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
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.
Is It Time to Sell STLA? Shares are down today.
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 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.
- Buyers who need vehicles would likely go to nonunion competitors, who would be able to charge them more.
- But he said he visited GM and Ford on Sunday and was preparing to meet with Stellantis on Monday.
- Chrysler owner Stellantis climbed, along with shares of GM and Ford, as the United Auto Workers union softened its demands for wage increases.
- SPDR S&P Kensho Smart Mobility ETF holds 32,349 shares of STLA stock, representing 1.13% of its portfolio.
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 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.
What to Know About the Potential Autoworkers Strike
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.
- The companies have plenty of cash on hand to withstand a strike.
- Offerings include luxury, premium, and mainstream passenger vehicles, pickup trucks, sport utility vehicles, commercial vehicles, parts and services, as well as retail and dealer financing, leasing, and rental services.
- A tight U.S. labor market, expiration of cyclical contracts and high living costs have triggered tough negotiations for pay hikes and other benefits by workers and strikes and protests across industri…
- “Things are moving but they’re moving very slow and we’ve got a long way to go in four days,” Fain said on a Sunday night video event.
- Stellantis saw a increase in short interest during the month of August.
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.
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.
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.
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 …
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.
We’d like to share more about how we work and what drives our day-to-day business. Transparency is how we protect the integrity of our work and keep empowering investors to achieve difference between net income and operating income their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
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.
(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.