Stellantis (NYSE:STLA) Shares Gap Up to $25.94

Stellantis (NYSE:STLA - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $25.94, but opened at $27.02. Stellantis shares last traded at $26.85, with a volume of 828,633 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STLA. Redburn Atlantic began coverage on Stellantis in a research note on Wednesday, January 24th. They issued a "buy" rating for the company. Sanford C. Bernstein lowered Stellantis from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 28th. Wolfe Research assumed coverage on Stellantis in a research report on Thursday, February 1st. They issued an "outperform" rating on the stock. Nomura reaffirmed a "neutral" rating on shares of Stellantis in a research report on Wednesday, March 13th. Finally, Berenberg Bank reaffirmed a "hold" rating on shares of Stellantis in a research report on Tuesday, March 26th. One investment 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 stock has a consensus rating of "Hold" and an average target price of $30.28.

Stellantis Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The stock has a fifty day moving average price of $26.73 and a 200 day moving average price of $23.04.

Stellantis Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. This represents a dividend yield of 4.55%. The ex-dividend date is Monday, April 22nd.

Insider Activity

In related news, major shareholder N.V. Stellantis acquired 800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the acquisition, the insider now owns 36,251,720 shares in the company, valued at approximately $175,095,807.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have purchased 3,150,000 shares of company stock valued at $15,724,500.

Institutional Trading of Stellantis

Several hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its stake in Stellantis by 14.6% during the 1st quarter. Sound Income Strategies LLC now owns 178,487 shares of the company's stock valued at $5,051,000 after purchasing an additional 22,801 shares during the period. Westend Capital Management LLC bought a new stake in Stellantis during the 1st quarter valued at approximately $38,000. Ballentine Partners LLC boosted its stake in Stellantis by 11.8% during the 1st quarter. Ballentine Partners LLC now owns 19,821 shares of the company's stock valued at $561,000 after purchasing an additional 2,098 shares during the period. Gunderson Capital Management Inc. bought a new stake in Stellantis during the 1st quarter valued at approximately $2,642,000. Finally, Park Avenue Securities LLC boosted its stake in Stellantis by 9.6% during the 1st quarter. Park Avenue Securities LLC now owns 9,534 shares of the company's stock valued at $271,000 after purchasing an additional 837 shares during the period. Institutional investors own 59.48% of the company's stock.

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.