Two Sigma Securities LLC Acquires Shares of 56,308 Stellantis (NYSE:STLA)

Two Sigma Securities LLC acquired a new stake in Stellantis (NYSE:STLA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,308 shares of the company's stock, valued at approximately $735,000.

Other hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised 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 valued at $211,000 after purchasing an additional 1,149 shares during the period. Spire Wealth Management grew its stake in 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 purchasing an additional 1,211 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in 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 purchasing an additional 1,481 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company's stock valued at $48,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Caprock Group LLC lifted its stake in Stellantis by 6.9% in the fourth quarter. Caprock Group LLC now owns 24,293 shares of the company's stock valued at $317,000 after buying an additional 1,558 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company's stock.

Wall Street Analyst Weigh In

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

Stellantis Price Performance

Shares of NYSE:STLA traded down $0.30 during midday trading on Wednesday, reaching $9.29. 13,599,469 shares of the company's stock were exchanged, compared to its average volume of 10,876,835. The company's 50 day simple moving average is $11.14 and its two-hundred day simple moving average is $12.49. The firm has a market capitalization of $28.09 billion, a PE ratio of 2.72 and a beta of 1.44. Stellantis has a 12 month low of $8.39 and a 12 month high of $23.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Stellantis Dividend Announcement

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

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.