Yousif Capital Management LLC Raises Stock Position in Stellantis (NYSE:STLA)

Yousif Capital Management LLC raised its stake in shares of Stellantis (NYSE:STLA) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 54,985 shares of the company’s stock after acquiring an additional 3,585 shares during the quarter. Yousif Capital Management LLC’s holdings in Stellantis were worth $1,282,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Stellantis by 11.6% during the 4th quarter. CWM LLC now owns 6,439 shares of the company’s stock worth $150,000 after purchasing an additional 669 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Stellantis by 9.6% in the fourth quarter. Signaturefd LLC now owns 78,222 shares of the company’s stock worth $1,824,000 after acquiring an additional 6,854 shares during the last quarter. Sfmg LLC boosted its stake in shares of Stellantis by 1.4% in the fourth quarter. Sfmg LLC now owns 236,773 shares of the company’s stock worth $5,522,000 after acquiring an additional 3,370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Stellantis by 13.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,335,524 shares of the company’s stock worth $31,202,000 after purchasing an additional 162,388 shares in the last quarter. Finally, DGS Capital Management LLC raised its stake in Stellantis by 5.1% in the 4th quarter. DGS Capital Management LLC now owns 77,076 shares of the company’s stock valued at $1,797,000 after purchasing an additional 3,734 shares during the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Stock Up 1.4 %

NYSE STLA opened at $21.86 on Friday. The stock has a fifty day simple moving average of $26.72 and a 200-day simple moving average of $23.50. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Stellantis has a twelve month low of $15.07 and a twelve month high of $29.51.

Stellantis Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on STLA. Wolfe Research initiated coverage on shares of Stellantis in a report on Thursday, February 1st. They set an “outperform” rating for the company. Piper Sandler assumed coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price on the stock. HSBC lowered Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Redburn Atlantic started coverage on Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and an average price target of $30.28.

Insider Buying and Selling at Stellantis

In related news, major shareholder N.V. Stellantis acquired 800,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $4.83 per share, for a total transaction of $3,864,000.00. Following the acquisition, the insider now owns 36,251,720 shares in the company, valued at approximately $175,095,807.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 3,150,000 shares of company stock worth $15,724,500 over the last three months. Insiders own 0.02% of the company’s stock.

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.