Seven Six Capital Management LLC Purchases Shares of 399,400 Stellantis (NYSE:STLA)

Seven Six Capital Management LLC purchased a new stake in shares of Stellantis (NYSE:STLA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 399,400 shares of the company's stock, valued at approximately $5,212,000. Stellantis comprises approximately 4.5% of Seven Six Capital Management LLC's holdings, making the stock its 8th largest holding.

Other hedge funds also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its position in 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 during the last quarter. Spire Wealth Management boosted its stake in shares of Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after buying an additional 1,211 shares during the period. Glenorchy Capital Ltd boosted its stake in shares of Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after buying an additional 1,340 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock valued at $212,000 after buying an additional 1,481 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after buying an additional 1,489 shares during the period. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of NYSE:STLA traded up $0.08 on Tuesday, hitting $10.75. 8,426,610 shares of the company were exchanged, compared to its average volume of 11,159,692. The company's 50 day moving average price is $10.34 and its two-hundred day moving average price is $12.16. Stellantis has a one year low of $8.39 and a one year high of $22.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The firm has a market capitalization of $32.50 billion, a price-to-earnings ratio of 3.15 and a beta of 1.45.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on STLA shares. Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. DZ Bank raised shares of Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. TD Cowen initiated coverage on shares of Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective for the company. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 22nd. Finally, Cowen initiated coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a "hold" rating for the company. Twelve research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.49.

About Stellantis

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.