Stellantis (NYSE:STLA) Holdings Lowered by Two Sigma Investments LP

Two Sigma Investments LP trimmed its stake in shares of Stellantis (NYSE:STLA - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,222,086 shares of the company's stock after selling 114,175 shares during the quarter. Two Sigma Investments LP's holdings in Stellantis were worth $15,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Orion Portfolio Solutions LLC raised its position in shares of Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after purchasing an additional 1,149 shares during the period. Spire Wealth Management raised its position in shares of Stellantis by 29.7% during 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 period. Glenorchy Capital Ltd raised its position in shares of Stellantis by 4.9% during 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 period. Sequoia Financial Advisors LLC increased 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 valued at $212,000 after acquiring an additional 1,481 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased 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 valued at $48,000 after acquiring an additional 1,489 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. TD Cowen assumed coverage on Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 target price on the stock. Redburn Atlantic cut Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Finally, DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Twelve investment 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 company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $16.49.

Stellantis Price Performance

NYSE STLA traded down $0.31 on Wednesday, reaching $10.18. 7,291,430 shares of the stock traded hands, compared to its average volume of 11,240,828. The firm's fifty day simple moving average is $10.09 and its 200 day simple moving average is $12.03. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 2.98 and a beta of 1.45. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61.

Stellantis Announces Dividend

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 of this dividend was Wednesday, April 23rd. Stellantis's payout ratio is currently 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.