Two Sigma Advisers LP increased its position in Stellantis (NYSE:STLA - Free Report) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,061,505 shares of the company's stock after acquiring an additional 237,000 shares during the quarter. Two Sigma Advisers LP owned about 0.10% of Stellantis worth $39,953,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its holdings in Stellantis by 7.6% in the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after acquiring an additional 1,149 shares during the period. Spire Wealth Management grew its position in Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after purchasing an additional 1,211 shares during the last quarter. Glenorchy Capital Ltd grew its position in Stellantis by 4.9% in the 4th 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 grew its position in Stellantis by 10.0% in the 4th 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 during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors own 59.48% of the company's stock.
Stellantis Price Performance
Shares of Stellantis stock traded down $0.42 during trading on Friday, hitting $9.94. 15,785,832 shares of the company's stock traded hands, compared to its average volume of 11,248,892. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm's fifty day moving average price is $10.18 and its 200 day moving average price is $12.08. Stellantis has a twelve month low of $8.39 and a twelve month high of $22.61. The company has a market cap of $30.04 billion, a PE ratio of 2.91 and a beta of 1.45.
Stellantis Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio (DPR) is currently 20.82%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on STLA shares. TD Cowen started coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Cowen started coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating on the stock. Twelve equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.49.
Read Our Latest Stock Report on STLA
Stellantis Profile
(
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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