Point72 Italy S.r.l. Invests $2.14 Million in Stellantis (NYSE:STLA)

Point72 Italy S.r.l. acquired a new stake 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 institutional investor acquired 163,800 shares of the company's stock, valued at approximately $2,138,000. Stellantis comprises about 1.2% of Point72 Italy S.r.l.'s investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its holdings in shares of Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after buying an additional 1,149 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after buying an additional 1,211 shares in the last quarter. Glenorchy Capital Ltd lifted its holdings in shares of Stellantis by 4.9% in the fourth quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after buying an additional 1,340 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Stellantis by 10.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after buying an additional 1,481 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock worth $48,000 after buying an additional 1,489 shares in the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Stellantis Price Performance

NYSE STLA traded up $0.07 on Friday, reaching $10.77. 7,682,774 shares of the company's stock traded hands, compared to its average volume of 11,147,041. Stellantis has a 12 month low of $8.39 and a 12 month high of $22.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The stock has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $12.19. The stock has a market cap of $32.54 billion, a PE ratio of 3.16 and a beta of 1.45.

Stellantis Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date was Wednesday, April 23rd. Stellantis's payout ratio is currently 20.82%.

Wall Street Analyst Weigh In

STLA has been the topic of a number of recent analyst reports. Cowen initiated coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating on the stock. DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Redburn Atlantic cut shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.49.

Stellantis 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.