Dynamic Technology Lab Private Ltd Takes Position in Stellantis (NYSE:STLA)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Stellantis (NYSE:STLA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 93,375 shares of the company's stock, valued at approximately $2,178,000.

A number of other institutional investors have also recently added to or reduced their stakes in STLA. Five Oceans Advisors raised its holdings in Stellantis by 5.0% in the fourth quarter. Five Oceans Advisors now owns 12,410 shares of the company's stock valued at $289,000 after buying an additional 593 shares during the period. CWM LLC lifted its holdings in shares of Stellantis by 11.6% during the 4th quarter. CWM LLC now owns 6,439 shares of the company's stock valued at $150,000 after acquiring an additional 669 shares in the last quarter. Smithfield Trust Co lifted its holdings in shares of Stellantis by 23.0% during the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company's stock valued at $69,000 after acquiring an additional 670 shares in the last quarter. SVB Wealth LLC increased its holdings in Stellantis by 6.2% in the 4th quarter. SVB Wealth LLC now owns 13,480 shares of the company's stock valued at $314,000 after purchasing an additional 786 shares in the last quarter. Finally, Ritholtz Wealth Management raised its position in Stellantis by 5.9% in the fourth quarter. Ritholtz Wealth Management now owns 18,636 shares of the company's stock valued at $435,000 after purchasing an additional 1,044 shares during the period. Hedge funds and other institutional investors own 59.48% of the company's stock.

Insider Activity

In related news, major shareholder N.V. Stellantis purchased 800,000 shares of Stellantis stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $4.60 per share, with a total value of $3,680,000.00. Following the purchase, the insider now owns 35,451,720 shares in the company, valued at approximately $163,077,912. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have acquired 3,150,000 shares of company stock valued at $15,724,500. Company insiders own 0.02% of the company's stock.

Stellantis Stock Down 1.1 %

STLA traded down $0.25 during trading on Friday, reaching $22.58. 5,033,237 shares of the company were exchanged, compared to its average volume of 6,839,715. 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 current ratio of 1.24 and a quick ratio of 0.95. The firm has a 50 day moving average of $25.76 and a 200 day moving average of $23.83.

Stellantis Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were paid a $1.147 dividend. The ex-dividend date was Monday, April 22nd. This represents a dividend yield of 4.55%.

Wall Street Analyst Weigh In

A number of research analysts have commented on STLA shares. Piper Sandler began coverage on Stellantis in a research note on Friday, March 15th. They set an "overweight" rating and a $39.00 price objective on the stock. Berenberg Bank reiterated a "hold" rating on shares of Stellantis in a research note on Tuesday, March 26th. Redburn Atlantic began coverage on shares of Stellantis in a research report on Wednesday, January 24th. They set a "buy" rating on the stock. Sanford C. Bernstein downgraded shares of Stellantis from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 28th. Finally, Wolfe Research assumed coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an "outperform" rating on the stock. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.28.

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.

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