7,194,041 Shares in Stellantis (NYSE:STLA) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Stellantis (NYSE:STLA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,194,041 shares of the company's stock, valued at approximately $93,779,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.24% of Stellantis as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of STLA. Norges Bank acquired a new position in shares of Stellantis during the 4th quarter worth about $609,076,000. Bridgewater Associates LP purchased a new stake in Stellantis during the 4th quarter worth approximately $999,000. Korea Investment CORP raised its holdings in shares of Stellantis by 32.1% during the fourth quarter. Korea Investment CORP now owns 1,305,558 shares of the company's stock valued at $17,020,000 after acquiring an additional 317,091 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Stellantis by 3.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company's stock valued at $59,045,000 after acquiring an additional 162,201 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Stellantis in the fourth quarter valued at approximately $1,151,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 target price on the stock. Finally, Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Stellantis currently has an average rating of "Hold" and an average target price of $16.49.

Stellantis Price Performance

Shares of STLA stock traded down $0.16 during mid-day trading on Friday, reaching $10.15. The stock had a trading volume of 15,329,986 shares, compared to its average volume of 11,313,856. Stellantis has a 12-month low of $8.39 and a 12-month high of $22.31. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $10.02 and a 200 day simple moving average of $12.00. The company has a market cap of $30.69 billion, a P/E ratio of 2.98 and a beta of 1.45.

Stellantis Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 5th. Stockholders 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 dividend yield of 6.07%. Stellantis's dividend payout ratio is currently 20.82%.

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.