Stellantis (NYSE:STLA) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Stellantis (NYSE:STLA - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,378 shares of the company's stock after purchasing an additional 38,765 shares during the quarter. MetLife Investment Management LLC's holdings in Stellantis were worth $2,978,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in STLA. Vanguard Group Inc. lifted its holdings in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock valued at $1,099,842,000 after acquiring an additional 2,102,528 shares in the last quarter. Norges Bank purchased a new stake in shares of Stellantis in the fourth quarter worth about $609,076,000. Marshall Wace LLP grew its stake in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Stellantis by 24.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after buying an additional 2,839,709 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Stellantis by 34.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock valued at $159,495,000 after buying an additional 3,121,462 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They set a "hold" rating for the company. TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective on the stock. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $16.49.

Stellantis Stock Performance

Shares of STLA traded up $0.11 during mid-day trading on Friday, hitting $9.57. The stock had a trading volume of 8,653,476 shares, compared to its average volume of 16,659,383. 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 $28.92 billion, a PE ratio of 2.80 and a beta of 1.44. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $23.37. The company's fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $12.44.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be issued a dividend of $0.5032 per share. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's dividend payout ratio (DPR) is 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.