5 Undervalued European Stocks to Buy

2. Stellantis N.V. (NYSE:STLA)

Latest Trailing P/E Ratio: 3.13

Stellantis N.V. (NYSE:STLA) is one of the biggest car companies in the world. It has numerous well known car brands in its portfolio, such as Alfa Romeo, Fiat, and Dodge. It is another company whose shares are rated a Strong Buy on average. It is among several U.S. car companies that are dealing with tough union negotiations.

Insider Monkey dug through 943 hedge funds for their March quarter of 2023 shareholdings to find out that 27 had held a stake in the firm. Stellantis N.V. (NYSE:STLA)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital through a stake of $598 million.

Follow Stellantis N.v. (NYSE:STLA)