Capital International Inc. CA lifted its stake in Stellantis (NYSE:STLA - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,469,844 shares of the company's stock after acquiring an additional 30,029 shares during the period. Capital International Inc. CA owned 0.08% of Stellantis worth $32,245,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC boosted its stake in Stellantis by 148.8% during the 3rd quarter. Virtu Financial LLC now owns 48,303 shares of the company's stock valued at $679,000 after purchasing an additional 28,891 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in Stellantis by 5.2% during the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company's stock valued at $2,552,000 after buying an additional 8,988 shares in the last quarter. Te Ahumairangi Investment Management Ltd raised its position in Stellantis by 28.3% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock worth $7,408,000 after acquiring an additional 118,635 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Stellantis in the 3rd quarter valued at about $1,324,000. Finally, Franklin Resources Inc. boosted its position in shares of Stellantis by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company's stock valued at $102,340,000 after purchasing an additional 3,252,492 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on STLA. Redburn Atlantic lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Tuesday. Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a "hold" rating on the stock. UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research report on Monday, April 14th. Finally, DZ Bank raised Stellantis from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $16.49.
Get Our Latest Stock Report on STLA
Stellantis Stock Performance
STLA traded up $0.37 on Thursday, hitting $9.31. The company had a trading volume of 8,073,861 shares, compared to its average volume of 10,738,689. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of 2.73 and a beta of 1.44. 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's fifty day moving average price is $11.51 and its 200 day moving average price is $12.60. Stellantis has a 1-year low of $8.39 and a 1-year high of $25.05.
Stellantis Announces Dividend
The company also recently announced a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be paid a $0.5032 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis's payout ratio is presently 20.82%.
Stellantis Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Stellantis, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stellantis wasn't on the list.
While Stellantis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
