Stellantis (NYSE:STLA) Sees Large Volume Increase

Stellantis (NYSE:STLA - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 4,795,591 shares were traded during mid-day trading, a decline of 13% from the previous session's volume of 5,523,293 shares.The stock last traded at $21.42 and had previously closed at $22.48.

Analysts Set New Price Targets

Several equities analysts recently commented on STLA shares. Nomura reissued a "neutral" rating on shares of Stellantis in a report on Wednesday, March 13th. Redburn Atlantic started coverage on Stellantis in a report on Wednesday, January 24th. They issued a "buy" rating on the stock. HSBC lowered Stellantis from a "buy" rating to a "hold" rating in a report on Wednesday, January 24th. Wolfe Research initiated coverage on Stellantis in a report on Thursday, February 1st. They issued an "outperform" rating on the stock. Finally, Sanford C. Bernstein downgraded shares of Stellantis from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 28th. 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, the company has an average rating of "Hold" and an average target price of $30.28.

Stellantis Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The firm's 50 day simple moving average is $26.81 and its 200-day simple moving average is $23.51.

Stellantis Dividend Announcement

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

Insider Transactions at Stellantis

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

Institutional Investors Weigh In On Stellantis

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Stellantis by 10.5% during the third quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company's stock worth $1,592,244,000 after purchasing an additional 7,883,816 shares in the last quarter. Norges Bank purchased a new position in Stellantis during the fourth quarter worth about $832,785,000. Acadian Asset Management LLC raised its holdings in Stellantis by 100,358.0% during the third quarter. Acadian Asset Management LLC now owns 20,993,704 shares of the company's stock worth $404,714,000 after purchasing an additional 20,972,806 shares in the last quarter. Invesco Ltd. purchased a new position in Stellantis during the third quarter worth about $232,047,000. Finally, Bank of New York Mellon Corp raised its holdings in Stellantis by 5.0% during the first quarter. Bank of New York Mellon Corp now owns 11,532,856 shares of the company's stock worth $326,380,000 after purchasing an additional 548,929 shares in the last quarter. Institutional investors and hedge funds 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.