Altrius Capital Management Inc trimmed its stake in shares of Stellantis (NYSE:STLA - Free Report) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 281,785 shares of the company's stock after selling 124,624 shares during the period. Stellantis makes up 1.8% of Altrius Capital Management Inc's investment portfolio, making the stock its 16th largest holding. Altrius Capital Management Inc's holdings in Stellantis were worth $6,571,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STLA. Cary Street Partners Investment Advisory LLC purchased a new position in Stellantis in the third quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in Stellantis during the fourth quarter valued at approximately $40,000. Solstein Capital LLC purchased a new stake in Stellantis during the fourth quarter valued at approximately $50,000. IFP Advisors Inc raised its position in Stellantis by 20.6% in the third quarter. IFP Advisors Inc now owns 3,495 shares of the company's stock worth $67,000 after acquiring an additional 598 shares during the period. Finally, Smithfield Trust Co boosted its stake in shares of Stellantis by 23.0% during the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company's stock worth $69,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 59.48% of the company's stock.
Stellantis Price Performance
STLA stock traded up $0.19 during trading on Monday, hitting $24.93. 4,030,153 shares of the company's stock traded hands, compared to its average volume of 5,440,519. Stellantis has a 52 week low of $15.07 and a 52 week high of $29.51. The business has a fifty day simple moving average of $26.94 and a 200 day simple moving average of $23.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.
Stellantis Dividend Announcement
The firm 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.
Analyst Upgrades and Downgrades
STLA has been the subject of several analyst reports. Wolfe Research began coverage on Stellantis in a research note on Thursday, February 1st. They issued an "outperform" rating for the company. Nomura reaffirmed a "neutral" rating on shares of Stellantis in a research note on Wednesday, March 13th. HSBC cut Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, January 24th. Piper Sandler initiated coverage on shares of Stellantis in a report on Friday, March 15th. They issued an "overweight" rating and a $39.00 target price for the company. Finally, Sanford C. Bernstein downgraded shares of Stellantis from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $30.28.
Check Out Our Latest Stock Report on Stellantis
Insider Buying and Selling
In related news, major shareholder N.V. Stellantis acquired 750,000 shares of the firm's stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $3,892,500.00. Following the completion of the transaction, the insider now directly owns 39,351,720 shares in the company, valued at approximately $204,235,426.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 3,150,000 shares of company stock worth $15,724,500.
Stellantis Company Profile
(
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.
Read More
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
