SG Americas Securities LLC boosted its position in shares of Stellantis N.V. (NYSE:STLA - Free Report) by 436.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,717 shares of the company's stock after buying an additional 44,513 shares during the period. SG Americas Securities LLC's holdings in Stellantis were worth $613,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of STLA. Norges Bank purchased a new stake in shares of Stellantis in the fourth quarter valued at approximately $609,076,000. Marshall Wace LLP grew its position 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 valued at $226,899,000 after purchasing an additional 17,376,176 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Stellantis in the fourth quarter valued at approximately $93,779,000. Banco Santander S.A. grew its position in shares of Stellantis by 282.2% in the fourth quarter. Banco Santander S.A. now owns 7,258,025 shares of the company's stock valued at $94,717,000 after purchasing an additional 5,359,190 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Stellantis by 306.9% in the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company's stock valued at $90,636,000 after purchasing an additional 5,208,889 shares in the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.
Stellantis Trading Down 1.4%
Stellantis stock traded down $0.14 during mid-day trading on Friday, hitting $9.42. The company's stock had a trading volume of 14,725,018 shares, compared to its average volume of 11,847,121. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.30. The stock's fifty day moving average is $9.87 and its two-hundred day moving average is $11.63. Stellantis N.V. has a 1 year low of $8.39 and a 1 year high of $21.05. The firm has a market capitalization of $28.46 billion, a PE ratio of 2.76 and a beta of 1.47.
Stellantis Dividend Announcement
The company also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were paid a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date was Wednesday, April 23rd.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on STLA. TD Cowen began coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stellantis currently has an average rating of "Hold" and a consensus price target of $16.49.
Get Our Latest Stock Analysis on Stellantis
Stellantis Company Profile
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Free Report)
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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