Capital International Inc. CA Boosts Stake in Stellantis (NYSE:STLA)

Capital International Inc. CA raised its holdings in Stellantis (NYSE:STLA) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 approximately 0.08% of Stellantis worth $32,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of STLA. Norges Bank purchased a new stake in Stellantis in the fourth quarter valued at approximately $609,076,000. Marshall Wace LLP raised its position in shares of Stellantis by 72,446.0% during the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after buying an additional 17,376,176 shares in the last quarter. Banco Santander S.A. raised its position in shares of Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after buying an additional 5,359,190 shares in the last quarter. Capital Research Global Investors grew its position in Stellantis by 306.9% in the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after acquiring an additional 5,208,889 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in Stellantis in the fourth quarter worth $53,858,000. Institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

NYSE:STLA opened at $9.42 on Friday. The stock has a market cap of $28.46 billion, a PE ratio of 2.76 and a beta of 1.44. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The business’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $12.68. Stellantis has a 52 week low of $8.39 and a 52 week high of $25.96.

Stellantis Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STLA shares. Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Cowen initiated coverage on Stellantis in a research note on Thursday, March 6th. They set a “hold” rating for the company. UBS Group downgraded Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 target price on the stock. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.49.

Stellantis Company 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.