Altrius Capital Management Inc Buys 78,164 Shares of Stellantis N.V. (NYSE:STLA)

Altrius Capital Management Inc raised its holdings in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,525 shares of the company's stock after buying an additional 78,164 shares during the quarter. Stellantis comprises 1.8% of Altrius Capital Management Inc's investment 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.

A number of other large investors also recently modified their holdings of STLA. Private Advisor Group LLC raised its stake in shares of Stellantis by 46.7% in the fourth quarter. Private Advisor Group LLC now owns 17,965 shares of the company's stock valued at $234,000 after purchasing an additional 5,719 shares in the last quarter. Ieq Capital LLC acquired a new position in shares of Stellantis in the fourth quarter valued at $163,000. Camelot Portfolios LLC raised its stake in shares of Stellantis by 39.1% in the fourth quarter. Camelot Portfolios LLC now owns 76,017 shares of the company's stock valued at $992,000 after purchasing an additional 21,379 shares in the last quarter. Callan Capital LLC acquired a new position in shares of Stellantis in the fourth quarter valued at $285,000. Finally, Fisher Funds Management LTD acquired a new position in shares of Stellantis in the fourth quarter valued at $7,994,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

Shares of STLA traded down $0.14 during trading hours on Friday, hitting $9.42. The stock had a trading volume of 14,725,018 shares, compared to its average volume of 11,847,121. The company's fifty day moving average is $9.87 and its two-hundred day moving average is $11.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. Stellantis N.V. has a 52 week low of $8.39 and a 52 week high of $21.05. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 2.76 and a beta of 1.47.

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 issued a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.

Analyst Upgrades and Downgrades

STLA has been the subject of a number of recent research reports. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and cut their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Cowen began coverage on Stellantis in a research note on Thursday, March 6th. They set a "hold" rating for the company. TD Cowen started coverage on Stellantis in a research note on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. Finally, UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Twelve research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and a consensus target price of $16.49.

Stellantis 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.