Stellantis (NYSE:STLA) is Conifer Management L.L.C.'s 5th Largest Position

Conifer Management L.L.C. decreased its position in shares of Stellantis (NYSE:STLA - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,807,761 shares of the company's stock after selling 6,192,239 shares during the quarter. Stellantis makes up about 4.9% of Conifer Management L.L.C.'s holdings, making the stock its 5th largest position. Conifer Management L.L.C. owned 0.09% of Stellantis worth $36,641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock worth $102,340,000 after purchasing an additional 3,252,492 shares during the period. Persium Advisors LLC acquired a new stake in shares of Stellantis during the fourth quarter worth about $263,000. Accurate Wealth Management LLC grew its holdings in shares of Stellantis by 158.7% during the fourth quarter. Accurate Wealth Management LLC now owns 45,577 shares of the company's stock worth $571,000 after buying an additional 27,962 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Stellantis by 9.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 90,363 shares of the company's stock valued at $1,179,000 after acquiring an additional 8,026 shares during the period. Finally, Hennessy Advisors Inc. raised its stake in Stellantis by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 357,900 shares of the company's stock valued at $4,671,000 after acquiring an additional 22,800 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Stellantis Price Performance

Stellantis stock traded down $0.07 during mid-day trading on Friday, reaching $9.81. The company had a trading volume of 17,687,395 shares, compared to its average volume of 10,985,253. The stock's 50-day simple moving average is $10.57 and its 200-day simple moving average is $12.30. Stellantis has a 1 year low of $8.39 and a 1 year high of $23.37. 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 company has a market capitalization of $29.66 billion, a P/E ratio of 2.88 and a beta of 1.45.

Stellantis Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on STLA shares. DZ Bank upgraded Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Piper Sandler cut shares of Stellantis from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating on the stock. Finally, UBS Group cut shares of Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Twelve research 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 company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.