Captrust Financial Advisors Has $1.37 Million Stake in Stellantis (NYSE:STLA)

Captrust Financial Advisors lessened its stake in shares of Stellantis (NYSE:STLA - Free Report) by 96.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,748 shares of the company's stock after selling 3,128,572 shares during the quarter. Captrust Financial Advisors' holdings in Stellantis were worth $1,367,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Balyasny Asset Management L.P. bought a new stake in shares of Stellantis during the 4th quarter worth about $31,183,000. Banque Transatlantique SA bought a new stake in shares of Stellantis during the 4th quarter worth about $119,000. BNP Paribas Financial Markets bought a new stake in shares of Stellantis during the 4th quarter worth about $62,769,000. American Trust Investment Advisors LLC boosted its stake in shares of Stellantis by 38.3% during the 4th quarter. American Trust Investment Advisors LLC now owns 45,835 shares of the company's stock worth $598,000 after acquiring an additional 12,705 shares in the last quarter. Finally, WealthCollab LLC boosted its stake in shares of Stellantis by 96.5% during the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors own 59.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on STLA shares. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. TD Cowen began coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. Finally, Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $16.49.

Stellantis Stock Performance

Stellantis stock traded up $0.07 during midday trading on Friday, reaching $10.77. 7,682,774 shares of the company's stock were exchanged, compared to its average volume of 11,147,041. Stellantis has a 52 week low of $8.39 and a 52 week high of $22.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a market cap of $32.54 billion, a price-to-earnings ratio of 3.16 and a beta of 1.45. The stock's 50-day simple moving average is $10.37 and its 200 day simple moving average is $12.20.

Stellantis Announces Dividend

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

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.