MetLife Investment Management LLC Increases Stake in Stellantis (NYSE:STLA)

MetLife Investment Management LLC increased its position in Stellantis (NYSE:STLA - Free Report) by 20.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,378 shares of the company's stock after buying an additional 38,765 shares during the quarter. MetLife Investment Management LLC's holdings in Stellantis were worth $2,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in STLA. Geneos Wealth Management Inc. acquired a new stake in Stellantis during the 4th quarter valued at approximately $26,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Stellantis in the 4th quarter worth approximately $47,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Stellantis by 67.0% in the 4th 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 increased its position in shares of Stellantis by 29.7% during the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after buying an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in Stellantis by 160.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company's stock worth $85,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 59.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on STLA. Cowen initiated coverage on Stellantis in a report on Thursday, March 6th. They set a "hold" rating for the company. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a "hold" rating and a $13.00 price target on the stock. Redburn Atlantic downgraded shares of Stellantis from a "buy" rating to a "neutral" rating in a research report on Tuesday, April 22nd. Finally, DZ Bank upgraded shares of Stellantis from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $16.49.

Stellantis Stock Performance

Shares of NYSE:STLA traded up $0.24 during mid-day trading on Tuesday, reaching $9.60. The company had a trading volume of 18,454,167 shares, compared to its average volume of 10,862,971. Stellantis has a one year low of $8.39 and a one year high of $23.37. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $11.14 and its 200-day moving average price is $12.49. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of 2.82 and a beta of 1.44.

Stellantis Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 5th. Shareholders 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 yield of 6.07%. Stellantis's payout ratio is 20.82%.

About Stellantis

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.