Stellantis (NYSE:STLA) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Stellantis (NYSE:STLA - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,714,044 shares of the company's stock after purchasing an additional 72,682 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.29% of Stellantis worth $113,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in STLA. First Trust Advisors LP grew its holdings in shares of Stellantis by 109.3% during the fourth quarter. First Trust Advisors LP now owns 228,497 shares of the company's stock worth $2,981,000 after buying an additional 119,337 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new stake in Stellantis during the fourth quarter worth approximately $21,227,000. Canada Pension Plan Investment Board grew its stake in Stellantis by 24.9% in the 4th 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. Global Endowment Management LP raised its holdings in Stellantis by 36.2% in the 4th quarter. Global Endowment Management LP now owns 48,453 shares of the company's stock valued at $632,000 after acquiring an additional 12,878 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Stellantis by 72,446.0% during the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock worth $226,899,000 after purchasing an additional 17,376,176 shares during the period. Institutional investors and hedge funds own 59.48% of the company's stock.

Analysts Set New Price Targets

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

Stellantis Stock Up 0.8 %

STLA stock traded up $0.08 during trading on Friday, reaching $9.54. The stock had a trading volume of 6,980,117 shares, compared to its average volume of 16,637,572. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $10.96 and a 200 day moving average price of $12.44. The company has a market capitalization of $28.83 billion, a P/E ratio of 2.80 and a beta of 1.44. Stellantis has a 1-year low of $8.39 and a 1-year high of $23.37.

Stellantis Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis's dividend payout ratio (DPR) is 20.82%.

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.