PDT Partners LLC Invests $3.12 Million in Stellantis (NYSE:STLA)

PDT Partners LLC bought a new position in shares of Stellantis (NYSE:STLA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 238,993 shares of the company's stock, valued at approximately $3,119,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company's stock worth $1,099,842,000 after purchasing an additional 2,102,528 shares during the period. Norges Bank purchased a new stake in Stellantis during the fourth quarter worth $609,076,000. Marshall Wace LLP increased its holdings in Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Stellantis by 24.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock worth $185,626,000 after acquiring an additional 2,839,709 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in shares of Stellantis by 34.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company's stock worth $159,495,000 after acquiring an additional 3,121,462 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Price Performance

Shares of Stellantis stock traded up $0.20 on Thursday, hitting $9.48. 11,580,136 shares of the company were exchanged, compared to its average volume of 10,890,709. Stellantis has a 1-year low of $8.39 and a 1-year high of $23.37. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $28.65 billion, a price-to-earnings ratio of 2.78 and a beta of 1.44. The company has a 50-day moving average price of $10.96 and a 200 day moving average price of $12.44.

Stellantis Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be issued a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis's payout ratio is currently 20.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price target for the company. DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Cowen started coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating on the stock. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Tuesday, April 22nd. Finally, UBS Group downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Twelve equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Stellantis currently has a consensus rating of "Hold" and a consensus price target of $16.49.

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.