Raymond James Financial Services Advisors Inc. Sells 1,280 Shares of Stellantis (NYSE:STLA)

Raymond James Financial Services Advisors Inc. lessened its holdings in Stellantis (NYSE:STLA) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,349 shares of the company’s stock after selling 1,280 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Stellantis were worth $988,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of STLA. Cary Street Partners Investment Advisory LLC bought a new position in Stellantis in the 3rd quarter valued at $26,000. Financial Management Professionals Inc. grew its position in Stellantis by 307.4% in the 3rd quarter. Financial Management Professionals Inc. now owns 1,707 shares of the company’s stock valued at $33,000 after acquiring an additional 1,288 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Stellantis in the 4th quarter valued at $40,000. Global Retirement Partners LLC lifted its holdings in shares of Stellantis by 953.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after buying an additional 2,098 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Stellantis by 183.5% in the 4th quarter. Bessemer Group Inc. now owns 4,646 shares of the company’s stock worth $66,000 after buying an additional 3,007 shares during the period. Institutional investors own 59.48% of the company’s stock.

Insider Buying and Selling

In other Stellantis news, major shareholder N.V. Stellantis bought 750,000 shares of Stellantis stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $5.19 per share, with a total value of $3,892,500.00. Following the transaction, the insider now directly owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 3,150,000 shares of company stock worth $15,724,500 in the last three months. 0.02% of the stock is owned by insiders.

Analyst Ratings Changes

STLA has been the subject of several research reports. Redburn Atlantic initiated coverage on Stellantis in a report on Wednesday, January 24th. They issued a “buy” rating for the company. Piper Sandler initiated coverage on Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Morgan Stanley upped their target price on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a report on Thursday. Finally, Sanford C. Bernstein cut Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.28.

Stellantis Price Performance

Shares of NYSE STLA opened at $25.94 on Monday. 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 1-year low of $15.07 and a 1-year high of $29.51. The business has a fifty day moving average price of $26.73 and a 200 day moving average price of $23.04.

Stellantis Dividend Announcement

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

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.