Stellantis (NYSE:STLA) Stock Rating Upgraded by DZ Bank

DZ Bank upgraded shares of Stellantis (NYSE:STLA - Free Report) from a strong sell rating to a hold rating in a report released on Tuesday, April 22nd,Zacks.com reports.

Several other equities analysts also recently issued reports on STLA. TD Cowen assumed coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Finally, Cowen started coverage on Stellantis in a report on Thursday, March 6th. They set a "hold" rating on the stock. Twelve 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. According to data from MarketBeat, Stellantis presently has an average rating of "Hold" and an average price target of $16.49.

Stellantis Stock Up 2.0 %

Shares of Stellantis stock traded up $0.19 during trading hours on Tuesday, reaching $9.55. 11,198,378 shares of the company were exchanged, compared to its average volume of 16,763,877. Stellantis has a 1 year low of $8.39 and a 1 year high of $23.37. The stock's fifty day moving average is $11.23 and its 200 day moving average is $12.51. 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 $28.86 billion, a PE ratio of 2.80 and a beta of 1.44.

Stellantis Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be given a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's payout ratio is 20.82%.

Institutional Trading of Stellantis

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Stellantis by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after acquiring an additional 2,102,528 shares in the last quarter. Norges Bank acquired a new stake in Stellantis during the fourth quarter worth about $609,076,000. Marshall Wace LLP increased its stake in Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after acquiring an additional 17,376,176 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Stellantis by 24.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after acquiring an additional 2,839,709 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Stellantis by 34.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after acquiring an additional 3,121,462 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

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.