Stellantis (NYSE:STLA) Sees Strong Trading Volume - Time to Buy?

Stellantis (NYSE:STLA - Get Free Report) shares saw an uptick in trading volume on Monday . 14,254,228 shares changed hands during mid-day trading, an increase of 39% from the previous session's volume of 10,249,899 shares.The stock last traded at $8.86 and had previously closed at $8.87.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STLA. TD Cowen initiated 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 lowered Stellantis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Cowen assumed coverage on Stellantis in a report on Thursday, March 6th. They issued a "hold" rating for the company. Finally, UBS Group lowered Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday. Ten investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $16.49.

Stellantis Trading Up 2.0 %

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 company's fifty day moving average is $11.77 and its two-hundred day moving average is $12.68. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 2.76 and a beta of 1.44.

Stellantis Dividend Announcement

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

Hedge Funds Weigh In On Stellantis

Institutional investors have recently modified their holdings of the stock. Orion Portfolio Solutions LLC increased its holdings in Stellantis by 7.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock valued at $211,000 after buying an additional 1,149 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Stellantis by 54.5% during the first quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company's stock worth $37,000 after purchasing an additional 1,167 shares in the last quarter. Spire Wealth Management raised its stake in Stellantis by 29.7% in 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 last quarter. Glenorchy Capital Ltd lifted its holdings in Stellantis by 4.9% in the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock valued at $375,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Stellantis by 10.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after purchasing an additional 1,481 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company's stock.

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.