Northern Trust Corp raised its position in shares of Stellantis (NYSE:STLA - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,461,793 shares of the company's stock after purchasing an additional 558,758 shares during the quarter. Northern Trust Corp's holdings in Stellantis were worth $19,076,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Stellantis by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock worth $1,099,842,000 after buying an additional 2,102,528 shares during the last quarter. Norges Bank bought a new position in Stellantis in the 4th quarter worth $609,076,000. Marshall Wace LLP lifted its position in Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after purchasing an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Stellantis by 24.9% during 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 purchasing an additional 2,839,709 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in shares of Stellantis by 34.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock worth $159,495,000 after buying an additional 3,121,462 shares during the period. Institutional investors own 59.48% of the company's stock.
Stellantis Stock Performance
Shares of NYSE:STLA opened at $10.96 on Wednesday. The business's 50 day moving average price is $10.49 and its 200-day moving average price is $12.25. 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 has a market capitalization of $33.13 billion, a PE ratio of 3.21 and a beta of 1.45. Stellantis has a 1 year low of $8.39 and a 1 year high of $23.37.
Stellantis Dividend Announcement
The business also recently disclosed 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 dividend payout ratio (DPR) is currently 20.82%.
Analyst Upgrades and Downgrades
STLA has been the subject of a number of analyst reports. Redburn Atlantic lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Cowen initiated coverage on Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 22nd. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Piper Sandler cut 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 note on Thursday, March 20th. Twelve analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $16.49.
Read Our Latest Stock Report on STLA
About Stellantis
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Stellantis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stellantis wasn't on the list.
While Stellantis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
