Bridgewater Associates LP Acquires New Position in Stellantis (NYSE:STLA)

Bridgewater Associates LP bought a new stake in shares of Stellantis (NYSE:STLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,523 shares of the company's stock, valued at approximately $999,000.

Several other institutional investors also recently bought and sold shares of STLA. Norges Bank acquired a new stake in shares of Stellantis in the 4th quarter worth $609,076,000. Korea Investment CORP grew its stake in shares of Stellantis by 32.1% during the fourth quarter. Korea Investment CORP now owns 1,305,558 shares of the company's stock worth $17,020,000 after acquiring an additional 317,091 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Stellantis by 3.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company's stock valued at $59,045,000 after acquiring an additional 162,201 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Stellantis in the 4th quarter worth approximately $1,151,000. Finally, Four Tree Island Advisory LLC purchased a new stake in Stellantis during the 4th quarter worth approximately $2,019,000. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Price Performance

STLA stock traded down $0.16 during trading on Monday, hitting $9.27. The stock had a trading volume of 17,575,823 shares, compared to its average volume of 10,630,877. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.05. The company's 50-day moving average price is $11.69 and its two-hundred day moving average price is $12.65. 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 market capitalization of $28.02 billion, a P/E ratio of 2.72 and a beta of 1.44.

Stellantis Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, May 5th. Stockholders 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 is Wednesday, April 23rd. Stellantis's dividend payout ratio is presently 20.82%.

Analyst Upgrades and Downgrades

STLA has been the topic of several research analyst reports. UBS Group downgraded Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. TD Cowen started coverage on shares of Stellantis in a report on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a "hold" rating for the company. Finally, Piper Sandler lowered shares of Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Ten 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.