Ethic Inc. Sells 1,473 Shares of Stellantis (NYSE:STLA)

Ethic Inc. decreased its stake in shares of Stellantis (NYSE:STLA) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,302 shares of the company’s stock after selling 1,473 shares during the quarter. Ethic Inc.’s holdings in Stellantis were worth $957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of STLA. Norges Bank acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $609,076,000. Marshall Wace LLP grew 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 worth $226,899,000 after buying an additional 17,376,176 shares during the period. Banco Santander S.A. grew 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 worth $94,717,000 after buying an additional 5,359,190 shares during the period. Capital Research Global Investors grew its position in shares of Stellantis by 306.9% during the 4th quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after buying an additional 5,208,889 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Stellantis during the 4th quarter worth approximately $62,769,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Price Performance

STLA opened at $10.96 on Wednesday. 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 $33.13 billion, a price-to-earnings ratio of 3.21 and a beta of 1.45. The firm’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $12.25. 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 was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were issued a dividend of $0.5032 per share. This represents a yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd. Stellantis’s dividend payout ratio is 20.82%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. TD Cowen assumed coverage on shares of Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Redburn Atlantic downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Twelve investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.