Stellantis (NYSE:STLA) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its position in Stellantis (NYSE:STLA - Free Report) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,941,255 shares of the company's stock after selling 776,645 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of Stellantis worth $38,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company's stock valued at $185,626,000 after purchasing an additional 2,839,709 shares in the last quarter. Global Endowment Management LP grew its stake in Stellantis by 36.2% during the 4th quarter. Global Endowment Management LP now owns 48,453 shares of the company's stock worth $632,000 after buying an additional 12,878 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Stellantis by 72,446.0% during the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company's stock valued at $226,899,000 after acquiring an additional 17,376,176 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in Stellantis by 23.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 14,723 shares of the company's stock valued at $192,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Stellantis by 69.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 40,850 shares of the company's stock worth $533,000 after acquiring an additional 16,800 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of NYSE STLA traded up $0.36 during midday trading on Thursday, hitting $9.30. The stock had a trading volume of 7,258,662 shares, compared to its average volume of 16,994,703. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $12.60. The company has a market capitalization of $28.10 billion, a PE ratio of 2.73 and a beta of 1.44. Stellantis has a 1 year low of $8.39 and a 1 year high of $25.05.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on STLA shares. Cowen started coverage on shares of Stellantis in a report on Thursday, March 6th. They issued a "hold" rating on the stock. TD Cowen assumed coverage on Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Piper Sandler cut Stellantis from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $23.00 to $13.00 in a report on Thursday, March 20th. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a report on Monday, April 14th. Finally, DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a report on Tuesday. 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.49.

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.