Stellantis Sees Unusually Large Options Volume (NYSE:STLA)

Stellantis (NYSE:STLA) saw some unusual options trading on Tuesday. Stock traders bought 40,212 call options on the stock. This is an increase of 300% compared to the typical daily volume of 10,046 call options.

Stellantis Price Performance

Shares of Stellantis stock opened at $9.51 on Wednesday. The stock’s fifty day moving average is $11.61 and its 200 day moving average is $12.62. Stellantis has a one year low of $8.39 and a one year high of $25.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market cap of $28.75 billion, a P/E ratio of 2.79 and a beta of 1.44.

Stellantis Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, May 5th. Stockholders of record on Thursday, April 24th will be given a dividend of $0.5032 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis’s payout ratio is currently 20.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Stellantis by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock valued at $1,099,842,000 after purchasing an additional 2,102,528 shares in the last quarter. Norges Bank purchased a new position in shares of Stellantis during the 4th quarter valued at $609,076,000. Marshall Wace LLP boosted its holdings in Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock worth $226,899,000 after buying an additional 17,376,176 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Stellantis by 24.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company’s stock worth $185,626,000 after buying an additional 2,839,709 shares during the period. Finally, AustralianSuper Pty Ltd increased its stake in Stellantis by 34.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after buying an additional 3,121,462 shares in the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on STLA. Redburn Atlantic lowered Stellantis from a “buy” rating to a “neutral” rating in a research report on Tuesday. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a report on Thursday, March 20th. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a “hold” rating for the company. Finally, TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.49.

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.