Altrius Capital Management Inc raised its holdings in Stellantis N.V. (NYSE:STLA - Free Report) by 13.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 668,525 shares of the company's stock after buying an additional 78,164 shares during the period. Stellantis accounts for about 1.8% of Altrius Capital Management Inc's portfolio, making the stock its 23rd largest holding. Altrius Capital Management Inc's holdings in Stellantis were worth $7,494,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STLA. Orion Portfolio Solutions LLC grew its stake in shares of 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 buying an additional 1,149 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after purchasing an additional 1,167 shares during the last quarter. Glenorchy Capital Ltd boosted its holdings in shares of Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after buying an additional 1,340 shares during the period. Sequoia Financial Advisors LLC lifted its position 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 during the last quarter. Finally, Addison Advisors LLC grew its position in shares of Stellantis by 29.0% in the fourth quarter. Addison Advisors LLC now owns 7,170 shares of the company's stock valued at $94,000 after purchasing an additional 1,610 shares during the last quarter. 59.48% of the stock is owned by institutional investors.
Stellantis Price Performance
Shares of NYSE STLA traded up $0.27 during mid-day trading on Wednesday, reaching $9.86. The company had a trading volume of 27,752,879 shares, compared to its average volume of 11,973,066. Stellantis N.V. has a one year low of $8.39 and a one year high of $21.05. The business's 50-day simple moving average is $9.87 and its 200 day simple moving average is $11.59. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30.
Stellantis Dividend Announcement
The company also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.
Wall Street Analyst Weigh In
STLA has been the subject of several research reports. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen initiated coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a "hold" rating on the stock. Finally, Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of "Hold" and a consensus price target of $15.68.
Get Our Latest Stock Analysis on STLA
About Stellantis
(
Free Report)
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.
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