Stellantis (NYSE:STLA - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $24.92, but opened at $22.82. Stellantis shares last traded at $22.77, with a volume of 4,452,914 shares.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Stellantis from $26.00 to $30.40 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Redburn Atlantic initiated coverage on Stellantis in a research note on Wednesday, January 24th. They issued a "buy" rating on the stock. Wolfe Research started coverage on Stellantis in a research report on Thursday, February 1st. They set an "outperform" rating for the company. Nomura reissued a "neutral" rating on shares of Stellantis in a research report on Wednesday, March 13th. Finally, Sanford C. Bernstein cut shares of Stellantis from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $30.28.
Read Our Latest Stock Analysis on Stellantis
Stellantis Stock Down 10.5 %
The business has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $23.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24.
Stellantis Dividend Announcement
The company also recently declared an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a $1.147 dividend. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, April 22nd.
Insider Activity
In other news, major shareholder N.V. Stellantis bought 750,000 shares of Stellantis stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $5.19 per share, for a total transaction of $3,892,500.00. Following the completion of the acquisition, the insider now owns 39,351,720 shares of the company's stock, valued at $204,235,426.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 3,150,000 shares of company stock valued at $15,724,500 over the last quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Stock Yards Bank & Trust Co. acquired a new stake in Stellantis in the first quarter valued at $226,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Stellantis in the 1st quarter worth about $2,645,000. Checchi Capital Advisers LLC acquired a new stake in shares of Stellantis in the 1st quarter valued at about $206,000. Lindbrook Capital LLC raised its stake in shares of Stellantis by 23.1% in the 1st quarter. Lindbrook Capital LLC now owns 3,751 shares of the company's stock valued at $106,000 after purchasing an additional 704 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Stellantis by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company's stock worth $326,380,000 after purchasing an additional 548,929 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.
About Stellantis
(
Get 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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