1,018,158 Shares in Stellantis (NYSE:STLA) Acquired by Trexquant Investment LP

Trexquant Investment LP acquired a new stake in shares of Stellantis (NYSE:STLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,018,158 shares of the company's stock, valued at approximately $23,743,000. Stellantis makes up 0.5% of Trexquant Investment LP's holdings, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its holdings in shares of Stellantis by 1.4% in the 4th quarter. Corient Private Wealth LLC now owns 149,857 shares of the company's stock valued at $3,495,000 after purchasing an additional 2,029 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Stellantis by 12.5% in the 4th quarter. Wells Fargo & Company MN now owns 596,174 shares of the company's stock worth $13,903,000 after buying an additional 66,427 shares during the last quarter. Mckinley Capital Management LLC purchased a new position in shares of Stellantis in the 4th quarter worth approximately $540,000. Blankinship & Foster LLC purchased a new position in shares of Stellantis in the 4th quarter worth approximately $240,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Stellantis by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 43,987 shares of the company's stock worth $1,026,000 after buying an additional 1,915 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Stellantis Trading Down 1.0 %

Shares of Stellantis stock traded down $0.23 during trading hours on Monday, reaching $22.35. 4,749,665 shares of the company's stock were exchanged, compared to its average volume of 5,728,453. Stellantis has a 1 year low of $15.07 and a 1 year high of $29.51. The business has a fifty day moving average of $25.65 and a two-hundred day moving average of $23.85. 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 announced an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. This represents a dividend yield of 4.55%. The ex-dividend date was Monday, April 22nd.

Analysts Set New Price Targets

STLA has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a "hold" rating on shares of Stellantis in a research report on Tuesday, March 26th. Wolfe Research began coverage on shares of Stellantis in a research report on Thursday, February 1st. They set an "outperform" rating on the stock. Nomura reissued a "neutral" rating on shares of Stellantis in a research report on Wednesday, March 13th. Redburn Atlantic began coverage on shares of Stellantis in a research report on Wednesday, January 24th. They set a "buy" rating on the stock. Finally, Piper Sandler began coverage on shares of Stellantis in a research report on Friday, March 15th. They set an "overweight" rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $30.28.

Insider Transactions at Stellantis

In other news, major shareholder N.V. Stellantis acquired 750,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $5.19 per share, with a total value 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 approximately $204,235,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 3,150,000 shares of company stock valued at $15,724,500 over the last 90 days.

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.