Cerity Partners LLC Has $1.05 Million Holdings in Stellantis (NYSE:STLA)

Cerity Partners LLC increased its stake in shares of Stellantis (NYSE:STLA) by 11.5% in the fourth quarter, Holdings Channel reports. The firm owned 45,062 shares of the company’s stock after buying an additional 4,636 shares during the quarter. Cerity Partners LLC’s holdings in Stellantis were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in STLA. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Stellantis during the third quarter worth $26,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Stellantis during the fourth quarter worth $40,000. Global Retirement Partners LLC grew its stake in shares of Stellantis by 953.6% during the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after purchasing an additional 2,098 shares during the period. Solstein Capital LLC acquired a new position in Stellantis in the fourth quarter valued at about $50,000. Finally, Bessemer Group Inc. grew 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 period. 59.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder N.V. Stellantis bought 800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $4.83 per share, for a total transaction of $3,864,000.00. Following the completion of the acquisition, the insider now owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 3,150,000 shares of company stock worth $15,724,500 over the last three months. Corporate insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STLA shares. Morgan Stanley boosted their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. HSBC cut Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Wolfe Research started coverage on Stellantis in a research note on Thursday, February 1st. They issued an “outperform” rating for the company. Piper Sandler started coverage on Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, Nomura reissued a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.28.

Stellantis Price Performance

Shares of Stellantis stock opened at $25.77 on Monday. The stock’s 50-day moving average is $26.97 and its 200-day moving average is $23.28. Stellantis has a one year low of $15.07 and a one year high of $29.51. 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 Announces Dividend

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

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.