Stellantis (NYSE:STLA) Shares Acquired by Capital Research Global Investors

Capital Research Global Investors lifted its holdings in Stellantis (NYSE:STLA) by 306.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,905,990 shares of the company’s stock after purchasing an additional 5,208,889 shares during the period. Capital Research Global Investors’ holdings in Stellantis were worth $90,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis during the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Stellantis in the 4th quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after buying an additional 1,489 shares in the last quarter. Spire Wealth Management grew its position 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 acquiring an additional 1,211 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Stellantis by 160.0% during the 4th 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 period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen started coverage on Stellantis in a report on Friday, March 7th. They set a “hold” rating and a $13.00 price target on the stock. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Cowen began coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. Finally, Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Ten research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.49.

Stellantis Trading Up 2.0 %

Shares of Stellantis stock opened at $9.42 on Monday. The company has a 50-day moving average of $11.77 and a two-hundred day moving average of $12.67. The stock has a market cap of $28.46 billion, a PE ratio of 2.76 and a beta of 1.44. Stellantis has a 12-month low of $8.39 and a 12-month high of $25.05. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

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 given a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd. Stellantis’s payout ratio is currently 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.