Public Employees Retirement System of Ohio Has $13 Million Stake in Stellantis (NYSE:STLA)

Public Employees Retirement System of Ohio lessened its position in Stellantis (NYSE:STLA - Free Report) by 16.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 996,425 shares of the company's stock after selling 199,240 shares during the period. Public Employees Retirement System of Ohio's holdings in Stellantis were worth $13,002,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC increased its holdings in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock valued at $211,000 after buying an additional 1,149 shares in the last quarter. Spire Wealth Management increased its stake 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 purchasing an additional 1,211 shares in the last quarter. Glenorchy Capital Ltd raised its holdings in Stellantis by 4.9% during the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after purchasing an additional 1,340 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Stellantis by 10.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company's stock valued at $317,000 after purchasing an additional 1,558 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Price Performance

Stellantis stock traded down $0.32 during mid-day trading on Wednesday, hitting $10.16. The company's stock had a trading volume of 15,297,508 shares, compared to its average volume of 11,284,730. The stock has a market capitalization of $30.72 billion, a P/E ratio of 2.98 and a beta of 1.45. Stellantis has a twelve month low of $8.39 and a twelve month high of $22.31. The stock's fifty day moving average price is $10.09 and its two-hundred day moving average price is $12.03. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is 20.82%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STLA. TD Cowen began coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. Twelve investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.