Lansforsakringar Fondforvaltning AB publ Makes New Investment in Stellantis (NYSE:STLA)

Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Stellantis (NYSE:STLA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,539 shares of the company's stock, valued at approximately $815,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new position in Stellantis during the fourth quarter valued at $527,000. Geneos Wealth Management Inc. bought a new position in Stellantis during the fourth quarter valued at $26,000. Blue Trust Inc. lifted its position in Stellantis by 17.2% during the fourth quarter. Blue Trust Inc. now owns 38,041 shares of the company's stock valued at $534,000 after purchasing an additional 5,587 shares during the last quarter. R Squared Ltd bought a new position in Stellantis during the fourth quarter valued at $86,000. Finally, Mediolanum International Funds Ltd lifted its position in Stellantis by 43.3% during the fourth quarter. Mediolanum International Funds Ltd now owns 961,657 shares of the company's stock valued at $12,537,000 after purchasing an additional 290,764 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on STLA shares. Piper Sandler downgraded 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 note on Thursday, March 20th. Redburn Atlantic downgraded 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 issued a "hold" rating and a $13.00 target price on the stock. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Cowen started coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.49.

Stellantis Trading Down 1.6%

STLA stock traded down $0.16 during trading on Friday, hitting $10.15. The company had a trading volume of 15,333,293 shares, compared to its average volume of 11,355,880. The firm has a market capitalization of $30.69 billion, a P/E ratio of 2.98 and a beta of 1.45. Stellantis has a 52-week low of $8.39 and a 52-week high of $22.22. The company has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $11.97. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Stellantis Dividend Announcement

The firm also recently announced 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 was Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is 20.82%.

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.