Kedalion Capital Management LLP Purchases Shares of 500,000 Stellantis N.V. (NYSE:STLA)

Kedalion Capital Management LLP acquired a new position in Stellantis N.V. (NYSE:STLA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 500,000 shares of the company's stock, valued at approximately $5,553,000. Stellantis makes up approximately 0.2% of Kedalion Capital Management LLP's investment portfolio, making the stock its 3rd largest position.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Stellantis by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares during the last quarter. Norges Bank bought a new position in shares of Stellantis in the fourth quarter worth about $609,076,000. Marshall Wace LLP increased its stake in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after purchasing an additional 17,376,176 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Stellantis by 24.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after purchasing an additional 2,839,709 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Stellantis by 25.7% in the fourth quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company's stock worth $124,309,000 after purchasing an additional 1,958,142 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of Stellantis stock traded up $0.09 during trading on Thursday, hitting $10.37. 28,844,385 shares of the company's stock traded hands, compared to its average volume of 12,782,783. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. The firm's fifty day moving average price is $10.06 and its 200 day moving average price is $11.33. Stellantis N.V. has a twelve month low of $8.39 and a twelve month high of $21.05. The company has a market cap of $31.34 billion, a PE ratio of 3.04, a PEG ratio of 0.40 and a beta of 1.44.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%.

Wall Street Analyst Weigh In

STLA has been the topic of a number of recent analyst reports. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Piper Sandler cut shares of 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. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Bank of America cut shares of Stellantis from a "buy" rating to a "neutral" rating and cut their target price for the company from $16.50 to $11.75 in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $12.74.

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.