Stellantis (NYSE:STLA) Receives Average Recommendation of “Hold” from Analysts

Stellantis (NYSE:STLA) has been given an average recommendation of “Hold” by the thirteen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.28.

A number of equities analysts have commented on the stock. Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. HSBC downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Redburn Atlantic assumed coverage on shares of Stellantis in a report on Wednesday, January 24th. They set a “buy” rating for the company. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Finally, Wolfe Research assumed coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating on the stock.

Stellantis Trading Up 0.6 %

Shares of Stellantis stock opened at $24.74 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. Stellantis has a one year low of $15.07 and a one year high of $29.51. The firm has a fifty day moving average of $26.95 and a two-hundred day moving average of $23.47.

Stellantis Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a $1.147 dividend. The ex-dividend date is Monday, April 22nd. This represents a dividend yield of 4.55%.

Insider Buying and Selling at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis purchased 800,000 shares of Stellantis stock in a transaction on Friday, March 8th. The shares were purchased at an average cost of $4.60 per share, with a total value of $3,680,000.00. Following the completion of the transaction, the insider now directly owns 35,451,720 shares in the company, valued at approximately $163,077,912. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 3,150,000 shares of company stock valued at $15,724,500 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Institutional Trading of Stellantis

A number of hedge funds have recently made changes to their positions in the company. Capital Advisors Ltd. LLC bought a new stake in shares of Stellantis in the third quarter worth $5,305,000. Assenagon Asset Management S.A. boosted its holdings in Stellantis by 122.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock worth $3,482,000 after purchasing an additional 82,074 shares during the period. Ramirez Asset Management Inc. acquired a new position in Stellantis in the third quarter worth $2,405,000. Ballentine Partners LLC boosted its holdings in Stellantis by 22.1% in the fourth quarter. Ballentine Partners LLC now owns 17,723 shares of the company’s stock worth $413,000 after purchasing an additional 3,209 shares during the period. Finally, Camelot Portfolios LLC boosted its holdings in Stellantis by 185.5% in the fourth quarter. Camelot Portfolios LLC now owns 67,961 shares of the company’s stock worth $1,585,000 after purchasing an additional 44,158 shares during the period. 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.