Exane Asset Management boosted its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 22.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,297,771 shares of the company's stock after acquiring an additional 241,642 shares during the quarter. Stellantis accounts for approximately 8.2% of Exane Asset Management's investment portfolio, making the stock its 5th biggest position. Exane Asset Management's holdings in Stellantis were worth $14,397,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Stellantis by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after buying an additional 2,102,528 shares during the period. Norges Bank purchased a new position in shares of Stellantis in the 4th quarter valued at about $609,076,000. Marshall Wace LLP boosted its stake in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after buying an additional 17,376,176 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after buying an additional 2,839,709 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Stellantis by 25.7% in the 4th quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company's stock valued at $124,309,000 after buying an additional 1,958,142 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Wolfe Research cut Stellantis from a "peer perform" rating to an "underperform" rating in a research note on Wednesday, July 2nd. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Jefferies Financial Group upgraded Stellantis from a "hold" rating to a "buy" rating and boosted their target price for the stock from $10.25 to $13.20 in a research note on Wednesday, June 25th. Finally, Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.74.
Get Our Latest Stock Report on Stellantis
Stellantis Stock Performance
STLA traded down $0.31 during trading on Friday, hitting $10.06. 27,161,239 shares of the stock were exchanged, compared to its average volume of 12,857,541. The firm has a market capitalization of $30.41 billion, a P/E ratio of 2.95, a PEG ratio of 0.40 and a beta of 1.44. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $21.05. The stock has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $11.31. 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 declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd.
Stellantis Profile
(
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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