UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Stellantis (NYSE:STLA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Stellantis (NYSE:STLA - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,300,223 shares of the company's stock after selling 312,189 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.08% of Stellantis worth $30,018,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of STLA. Geneos Wealth Management Inc. bought a new position in shares of Stellantis during the 4th quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Stellantis in the fourth quarter valued at $47,000. WealthCollab LLC lifted 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 acquiring an additional 2,256 shares during the period. Spire Wealth Management boosted its stake in shares of 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. Finally, Life Planning Partners Inc acquired a new stake in shares of Stellantis during the 4th quarter worth about $85,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Stock Performance

Shares of NYSE:STLA traded down $0.16 during midday trading on Friday, reaching $10.15. The company had a trading volume of 14,403,742 shares, compared to its average volume of 11,310,180. The stock has a market cap of $30.69 billion, a P/E ratio of 2.98 and a beta of 1.45. The company's 50 day moving average price is $10.02 and its 200 day moving average price is $12.00. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 52-week low of $8.39 and a 52-week high of $22.31.

Stellantis Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's dividend payout ratio is presently 20.82%.

Analyst Ratings Changes

Several research firms have recently commented on STLA. Cowen started coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating on the stock. Redburn Atlantic downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. TD Cowen began 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, Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $16.49.

Stellantis Company 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.