Stellantis (NYSE:STLA) Given Average Recommendation of “Hold” by Analysts

Stellantis (NYSE:STLA) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.28.

A number of analysts have recently issued reports on STLA shares. Morgan Stanley raised their price objective on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Nomura reaffirmed a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Redburn Atlantic started coverage on Stellantis in a research report on Wednesday, January 24th. They issued a “buy” rating for the company. Sanford C. Bernstein cut Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Finally, Piper Sandler began coverage on Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 target price on the stock.

Stellantis Stock Up 1.5 %

Shares of NYSE STLA opened at $24.96 on Wednesday. Stellantis has a 52 week low of $15.07 and a 52 week high of $29.51. The stock has a 50 day moving average price of $26.99 and a 200 day moving average price of $23.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

Stellantis Dividend Announcement

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

Insider Activity at Stellantis

In related 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 cost of $4.60 per share, with a total value of $3,680,000.00. Following the acquisition, the insider now owns 35,451,720 shares of the company’s stock, valued at approximately $163,077,912. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders bought 3,150,000 shares of company stock valued at $15,724,500 in the last three months.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Stellantis during the third quarter worth $26,000. Westend Capital Management LLC bought a new position in shares of Stellantis in the first quarter worth $38,000. Bruce G. Allen Investments LLC bought a new position in Stellantis in the fourth quarter valued at $40,000. Global Retirement Partners LLC increased 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. Finally, Solstein Capital LLC bought a new position in Stellantis in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.