Marshall Wace LLP boosted its position in Stellantis (NYSE:STLA - Free Report) by 72,446.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,400,161 shares of the company's stock after buying an additional 17,376,176 shares during the quarter. Marshall Wace LLP owned approximately 0.58% of Stellantis worth $226,899,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in STLA. Geneos Wealth Management Inc. bought a new position in shares of Stellantis in the 4th quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis in the fourth quarter valued at approximately $47,000. 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. Spire Wealth Management boosted its position in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock valued at $69,000 after purchasing an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Stellantis by 160.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $85,000 after acquiring an additional 4,000 shares during the period. 59.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on STLA shares. Piper Sandler downgraded Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen assumed coverage on Stellantis in a report on Friday, March 7th. They set a "hold" rating and a $13.00 price target on the stock. Cowen assumed coverage on shares of Stellantis in a research report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Ten investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.49.
View Our Latest Stock Analysis on STLA
Stellantis Stock Performance
Shares of STLA traded down $0.31 during mid-day trading on Monday, hitting $9.12. The company's stock had a trading volume of 10,454,303 shares, compared to its average volume of 10,605,825. Stellantis has a one year low of $8.39 and a one year high of $25.05. The stock's 50-day moving average is $11.77 and its two-hundred day moving average is $12.67. The firm has a market capitalization of $27.57 billion, a PE ratio of 2.67 and a beta of 1.44. 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 Announces Dividend
The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is 20.82%.
Stellantis Profile
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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.
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