Vontobel Holding Ltd. trimmed its position in Stellantis (NYSE:STLA - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 571,786 shares of the company's stock after selling 128,774 shares during the period. Vontobel Holding Ltd.'s holdings in Stellantis were worth $13,352,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Stellantis by 2.3% in the third quarter. Rhumbline Advisers now owns 25,711 shares of the company's stock valued at $492,000 after purchasing an additional 580 shares during the last quarter. Five Oceans Advisors boosted its position in shares of Stellantis by 5.0% during the 4th quarter. Five Oceans Advisors now owns 12,410 shares of the company's stock worth $289,000 after acquiring an additional 593 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Stellantis by 2.9% in the third quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company's stock valued at $408,000 after purchasing an additional 596 shares in the last quarter. IFP Advisors Inc increased its stake in Stellantis by 20.6% in the third quarter. IFP Advisors Inc now owns 3,495 shares of the company's stock valued at $67,000 after purchasing an additional 598 shares during the last quarter. Finally, Smithfield Trust Co raised its holdings in Stellantis by 23.0% during the third quarter. Smithfield Trust Co now owns 3,589 shares of the company's stock worth $69,000 after purchasing an additional 670 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.
Insiders Place Their Bets
In related news, major shareholder N.V. Stellantis acquired 750,000 shares of the company's stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $5.19 per share, with a total value of $3,892,500.00. Following the purchase, the insider now directly owns 39,351,720 shares in the company, valued at approximately $204,235,426.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have bought 3,150,000 shares of company stock worth $15,724,500.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on STLA shares. HSBC lowered shares of Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, January 24th. Nomura restated a "neutral" rating on shares of Stellantis in a research report on Wednesday, March 13th. Wolfe Research assumed coverage on Stellantis in a research report on Thursday, February 1st. They set an "outperform" rating for the company. Berenberg Bank reissued a "hold" rating on shares of Stellantis in a report on Tuesday, March 26th. Finally, Piper Sandler initiated coverage on Stellantis in a report on Friday, March 15th. They set an "overweight" rating and a $39.00 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.28.
Get Our Latest Analysis on Stellantis
Stellantis Price Performance
NYSE:STLA traded down $0.45 during trading hours on Tuesday, hitting $25.80. The company's stock had a trading volume of 4,615,203 shares, compared to its average volume of 5,469,555. Stellantis has a 52-week low of $15.07 and a 52-week high of $29.51. 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 business's 50-day moving average is $26.80 and its two-hundred day moving average is $23.09. The company has a market capitalization of $80.81 billion, a PE ratio of 4.24, a PEG ratio of 0.33 and a beta of 1.60.
Stellantis Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. The ex-dividend date is Monday, April 22nd. This represents a yield of 4.55%. Stellantis's dividend payout ratio is presently 27.05%.
Stellantis Company Profile
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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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