Quantinno Capital Management LP Has $1.97 Million Stake in Stellantis (NYSE:STLA)

Quantinno Capital Management LP trimmed its position in Stellantis (NYSE:STLA - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,898 shares of the company's stock after selling 102,930 shares during the period. Quantinno Capital Management LP's holdings in Stellantis were worth $1,968,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of STLA. Norges Bank acquired a new position in Stellantis during the fourth quarter worth $609,076,000. Marshall Wace LLP increased its stake in 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 last quarter. Banco Santander S.A. lifted its position in Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock worth $94,717,000 after buying an additional 5,359,190 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Stellantis by 306.9% during the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock worth $90,636,000 after buying an additional 5,208,889 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Stellantis in the 4th quarter valued at about $62,769,000. 59.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on STLA shares. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 target price for the company. Twelve analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.49.

Stellantis Stock Performance

STLA opened at $10.58 on Thursday. Stellantis has a 12-month low of $8.39 and a 12-month high of $22.61. The stock has a market cap of $31.99 billion, a price-to-earnings ratio of 3.10 and a beta of 1.45. The business has a 50 day moving average of $10.28 and a 200-day moving average of $12.14. 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 declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were paid a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date was Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is presently 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.

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