Allspring Global Investments Holdings LLC lowered its position in Stellantis N.V. (NYSE:STLA - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,349 shares of the company's stock after selling 82,378 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Stellantis were worth $914,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in Stellantis in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% during the first quarter. GAMMA Investing LLC now owns 3,139 shares of the company's stock valued at $35,000 after purchasing an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock valued at $37,000 after purchasing an additional 1,167 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis during the fourth quarter valued at approximately $47,000. Finally, WealthCollab LLC grew 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 valued at $60,000 after purchasing an additional 2,256 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Wolfe Research lowered Stellantis from a "peer perform" rating to an "underperform" rating in a report on Wednesday, July 2nd. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Bank of America downgraded Stellantis from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $16.50 to $11.75 in a research report on Monday. Finally, Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $12.74.
View Our Latest Stock Report on Stellantis
Stellantis Price Performance
STLA traded up $0.24 during trading on Thursday, reaching $10.52. The stock had a trading volume of 11,317,747 shares, compared to its average volume of 12,690,891. The firm has a market capitalization of $31.79 billion, a price-to-earnings ratio of 3.09, a price-to-earnings-growth ratio of 0.45 and a beta of 1.44. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. Stellantis N.V. has a 1-year low of $8.39 and a 1-year high of $21.05. The stock has a 50 day moving average of $10.04 and a two-hundred day moving average of $11.35.
Stellantis Announces Dividend
The company also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a $0.5032 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio (DPR) is 22.58%.
About Stellantis
(
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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