WealthCollab LLC Increases Stock Position in Stellantis (NYSE:STLA)

WealthCollab LLC raised its position in Stellantis (NYSE:STLA) by 96.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,594 shares of the company’s stock after acquiring an additional 2,256 shares during the quarter. WealthCollab LLC’s holdings in Stellantis were worth $60,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in Stellantis during the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Stellantis during the fourth quarter valued at approximately $47,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after acquiring an additional 1,489 shares in the last quarter. Spire Wealth Management lifted its stake in Stellantis by 29.7% in the fourth quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock worth $69,000 after acquiring an additional 1,211 shares during the period. Finally, Central Pacific Bank Trust Division lifted its stake in Stellantis by 160.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,500 shares of the company’s stock worth $85,000 after acquiring an additional 4,000 shares during the period. 59.48% of the stock is owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA opened at $9.60 on Wednesday. The business has a fifty day moving average price of $11.14 and a 200-day moving average price of $12.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The company has a market capitalization of $29.02 billion, a PE ratio of 2.82 and a beta of 1.44. Stellantis has a 1-year low of $8.39 and a 1-year high of $23.37.

Stellantis Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be paid 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 dividend payout ratio is currently 20.82%.

Analysts Set New Price Targets

Several research analysts have commented on STLA shares. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. Redburn Atlantic cut Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Piper Sandler lowered 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 report on Thursday, March 20th. Finally, Cowen began coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. Twelve analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.