Nuveen Asset Management LLC Has $56.27 Million Position in Stellantis (NYSE:STLA)

Nuveen Asset Management LLC lifted its holdings in shares of Stellantis (NYSE:STLA - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,315,844 shares of the company's stock after purchasing an additional 280,842 shares during the quarter. Nuveen Asset Management LLC owned 0.14% of Stellantis worth $56,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the 4th quarter worth approximately $26,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Stellantis during the fourth quarter worth $47,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after acquiring an additional 1,489 shares in the last quarter. WealthCollab LLC raised its holdings in shares of Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company's stock worth $60,000 after acquiring an additional 2,256 shares during the period. Finally, Spire Wealth Management lifted its position in Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Stock Performance

NYSE STLA traded down $0.22 on Thursday, hitting $10.35. 10,327,822 shares of the stock were exchanged, compared to its average volume of 11,169,569. The business's fifty day moving average is $10.28 and its 200 day moving average is $12.14. Stellantis has a 52 week low of $8.39 and a 52 week high of $22.61. The company has a market capitalization of $31.29 billion, a PE ratio of 3.04 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Stellantis Announces Dividend

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. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is 20.82%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Finally, Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, 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.