Greenhaven Associates Inc. Takes Position in Stellantis (NYSE:STLA)

Greenhaven Associates Inc. bought a new position in Stellantis (NYSE:STLA - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 30,000 shares of the company's stock, valued at approximately $336,000. Stellantis accounts for approximately 0.0% of Greenhaven Associates Inc.'s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also recently modified their holdings of STLA. Orion Portfolio Solutions LLC lifted its position in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock valued at $211,000 after purchasing an additional 1,149 shares during the last quarter. Spire Wealth Management boosted its position in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares in the last quarter. Glenorchy Capital Ltd increased its stake in shares of Stellantis by 4.9% in the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after acquiring an additional 1,340 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company's stock valued at $317,000 after acquiring an additional 1,558 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Trading Down 1.6%

Shares of STLA stock traded down $0.16 on Friday, hitting $10.15. The stock had a trading volume of 15,333,293 shares, compared to its average volume of 11,337,722. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm has a market capitalization of $30.69 billion, a P/E ratio of 2.98 and a beta of 1.45. The company's 50 day moving average price is $9.97 and its 200-day moving average price is $11.97. Stellantis has a 1 year low of $8.39 and a 1 year high of $22.30.

Stellantis Announces Dividend

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

Wall Street Analysts Forecast Growth

STLA has been the subject of a number of recent analyst reports. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Finally, Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.49.

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.