Metis Global Partners LLC Boosts Holdings in Stellantis (NYSE:STLA)

Metis Global Partners LLC boosted its holdings in Stellantis (NYSE:STLA) by 16.7% during the fourth quarter, HoldingsChannel reports. The fund owned 73,615 shares of the company’s stock after buying an additional 10,517 shares during the period. Metis Global Partners LLC’s holdings in Stellantis were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Stellantis by 10.5% during the third quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after buying an additional 7,883,816 shares during the period. Acadian Asset Management LLC boosted its position in shares of Stellantis by 100,358.0% during the third quarter. Acadian Asset Management LLC now owns 20,993,704 shares of the company’s stock worth $404,714,000 after buying an additional 20,972,806 shares during the period. Invesco Ltd. acquired a new position in Stellantis during the 3rd quarter worth about $232,047,000. Canada Pension Plan Investment Board boosted its holdings in Stellantis by 5.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 9,173,212 shares of the company’s stock valued at $176,858,000 after acquiring an additional 442,100 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of Stellantis by 2.8% in the third quarter. ANTIPODES PARTNERS Ltd now owns 5,750,057 shares of the company’s stock valued at $110,803,000 after purchasing an additional 156,759 shares during the period. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Insider Transactions at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis bought 800,000 shares of Stellantis stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $4.60 per share, with a total value of $3,680,000.00. Following the completion of the acquisition, the insider now owns 35,451,720 shares of the company’s stock, valued at $163,077,912. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 3,150,000 shares of company stock worth $15,724,500.

Stellantis Stock Performance

Shares of STLA stock opened at $21.25 on Wednesday. Stellantis has a 1 year low of $15.07 and a 1 year high of $29.51. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $26.54 and its two-hundred day moving average is $23.59.

Stellantis Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a $1.147 dividend. This represents a dividend yield of 4.55%. The ex-dividend date was Monday, April 22nd.

Analyst Upgrades and Downgrades

STLA has been the topic of a number of research reports. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Piper Sandler began coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target for the company. Redburn Atlantic began coverage on shares of Stellantis in a research report on Wednesday, January 24th. They issued a “buy” rating on the stock. Finally, Wolfe Research started coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.28.

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.