Mackenzie Financial Corp Has $5.64 Million Position in Stellantis (NYSE:STLA)

Mackenzie Financial Corp reduced its stake in shares of Stellantis (NYSE:STLA) by 44.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 241,727 shares of the company’s stock after selling 195,590 shares during the quarter. Mackenzie Financial Corp’s holdings in Stellantis were worth $5,643,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC acquired a new stake in Stellantis in the third quarter valued at approximately $26,000. Bruce G. Allen Investments LLC acquired a new stake in Stellantis in the fourth quarter valued at approximately $40,000. Global Retirement Partners LLC lifted its stake in Stellantis by 953.6% in the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after acquiring an additional 2,098 shares during the last quarter. Solstein Capital LLC acquired a new stake in Stellantis in the fourth quarter valued at approximately $50,000. Finally, Bessemer Group Inc. lifted its stake in Stellantis by 183.5% in the fourth quarter. Bessemer Group Inc. now owns 4,646 shares of the company’s stock valued at $66,000 after acquiring an additional 3,007 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis purchased 800,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $4.83 per share, for a total transaction of $3,864,000.00. Following the completion of the purchase, the insider now directly owns 36,251,720 shares of the company’s stock, valued at $175,095,807.60. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 3,150,000 shares of company stock worth $15,724,500 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Stellantis Trading Up 0.1 %

Shares of STLA stock opened at $25.77 on Friday. Stellantis has a 1 year low of $15.07 and a 1 year high of $29.51. The firm’s fifty day simple moving average is $26.97 and its 200 day simple moving average is $23.25. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Wolfe Research began coverage on shares of Stellantis in a research report on Thursday, February 1st. They issued an “outperform” rating on the stock. HSBC lowered shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. 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, Morgan Stanley lifted their price target on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.28.

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.