Stellantis (NYSE:STLA) Shares Gap Down to $27.02

Shares of Stellantis (NYSE:STLA) gapped down prior to trading on Friday . The stock had previously closed at $27.02, but opened at $26.25. Stellantis shares last traded at $26.14, with a volume of 712,413 shares trading hands.

Analysts Set New Price Targets

STLA has been the topic of several recent research reports. Redburn Atlantic started coverage on Stellantis in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Piper Sandler initiated coverage on shares of Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price target on the stock. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Nomura restated a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Finally, Wolfe Research assumed coverage on Stellantis in a research note on Thursday, February 1st. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.28.

Stellantis Trading Down 4.0 %

The firm’s 50-day moving average price is $26.73 and its 200 day moving average price is $23.01. 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 Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date is Monday, April 22nd.

Insider Transactions at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $4.60 per share, with a total value of $3,680,000.00. Following the completion of the acquisition, the insider now directly owns 35,451,720 shares in the company, valued at approximately $163,077,912. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders bought 3,150,000 shares of company stock worth $15,724,500. 0.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in STLA. EverSource Wealth Advisors LLC grew its position in Stellantis by 4.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,863 shares of the company’s stock worth $253,000 after purchasing an additional 430 shares during the last quarter. Rhumbline Advisers grew its holdings in Stellantis by 2.3% in the 3rd quarter. Rhumbline Advisers now owns 25,711 shares of the company’s stock worth $492,000 after buying an additional 580 shares in the last quarter. Five Oceans Advisors grew its holdings in Stellantis by 5.0% in the 4th quarter. Five Oceans Advisors now owns 12,410 shares of the company’s stock worth $289,000 after buying an additional 593 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in Stellantis by 2.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 21,305 shares of the company’s stock valued at $408,000 after acquiring an additional 596 shares during the period. Finally, IFP Advisors Inc raised its stake in Stellantis by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock valued at $67,000 after acquiring an additional 598 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

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.