30,000 Shares in Stellantis (NYSE:STLA) Purchased by Greenhaven Associates Inc.

Greenhaven Associates Inc. acquired a new stake in Stellantis (NYSE:STLA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $336,000. Stellantis comprises about 0.0% of Greenhaven Associates Inc.'s investment portfolio, making the stock its 24th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC boosted its stake in shares of Stellantis by 7.6% in the 4th 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 grew its stake in Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after purchasing an additional 1,211 shares during the period. Glenorchy Capital Ltd boosted its stake in Stellantis by 4.9% during the fourth 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 boosted its stake in Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after acquiring an additional 1,481 shares in the last quarter. Finally, Caprock Group LLC boosted its stake in Stellantis by 6.9% during the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company's stock worth $317,000 after acquiring an additional 1,558 shares in the last quarter. 59.48% of the stock is owned by institutional investors.

Stellantis Stock Down 3.8%

Shares of STLA traded down $0.39 during trading hours on Monday, reaching $9.76. 10,259,396 shares of the stock traded hands, compared to its average volume of 11,351,777. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $11.96. Stellantis has a 52 week low of $8.39 and a 52 week high of $22.22. The company has a market cap of $29.49 billion, a price-to-earnings ratio of 2.86 and a beta of 1.45.

Stellantis Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were given 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 payout ratio is currently 20.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on STLA shares. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 target price on the stock. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. Finally, DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. 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's stock. Based on data from MarketBeat, 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.