Stellantis (NYSE:STLA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Stellantis (NYSE:STLA - Free Report) by 94.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,346 shares of the company's stock after selling 296,725 shares during the quarter. National Bank of Canada FI's holdings in Stellantis were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in STLA. Wellington Management Group LLP bought a new position in Stellantis in the third quarter valued at about $4,126,000. Virtu Financial LLC raised its position in shares of 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 during the period. SkyView Investment Advisors LLC lifted its position in shares of Stellantis by 5.2% in the third quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company's stock valued at $2,552,000 after acquiring an additional 8,988 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in Stellantis by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company's stock worth $7,408,000 after purchasing an additional 118,635 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Stellantis in the third quarter worth $1,324,000. Institutional investors own 59.48% of the company's stock.

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.09 during trading on Wednesday, hitting $9.27. 7,590,305 shares of the company's stock were exchanged, compared to its average volume of 10,452,871. Stellantis has a 52-week low of $8.39 and a 52-week high of $26.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 2.71 and a beta of 1.44. The business has a 50-day simple moving average of $11.99 and a 200-day simple moving average of $12.77.

Remove Ads

Stellantis Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be paid a $0.5032 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis's payout ratio is 20.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STLA. Cowen started coverage on Stellantis in a research note on Thursday, March 6th. They set a "hold" rating for the company. TD Cowen started coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a "hold" rating and a $13.00 price objective on the stock. UBS Group lowered shares of Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday. Finally, Piper Sandler lowered Stellantis from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $23.00 to $13.00 in a report 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 company. According to MarketBeat.com, the company has a consensus 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.