Balyasny Asset Management L.P. Buys New Holdings in Stellantis (NYSE:STLA)

Balyasny Asset Management L.P. acquired a new stake in shares of Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,389,508 shares of the company's stock, valued at approximately $31,183,000. Balyasny Asset Management L.P. owned 0.08% of Stellantis as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in STLA. Banque Transatlantique SA acquired a new position in shares of Stellantis in the 4th quarter valued at about $119,000. BNP Paribas Financial Markets purchased a new position in Stellantis in the 4th quarter valued at about $62,769,000. American Trust Investment Advisors LLC grew its stake in Stellantis by 38.3% during the 4th quarter. American Trust Investment Advisors LLC now owns 45,835 shares of the company's stock valued at $598,000 after purchasing an additional 12,705 shares in the last quarter. WealthCollab LLC grew its position in shares of Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after buying an additional 2,256 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Stellantis in the 4th quarter valued at about $3,119,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

NYSE:STLA traded down $0.07 during mid-day trading on Friday, reaching $9.81. 17,687,395 shares of the company were exchanged, compared to its average volume of 11,010,799. Stellantis has a 12 month low of $8.39 and a 12 month high of $23.37. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $10.57 and a 200 day moving average of $12.29. The stock has a market cap of $29.66 billion, a PE ratio of 2.88 and a beta of 1.45.

Stellantis Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were paid a $0.5032 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio (DPR) is presently 20.82%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on STLA shares. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. TD Cowen began coverage on shares of Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 price objective on the stock. Cowen assumed coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $16.49.

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.