Stellantis N.V. (NYSE:STLA) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in Stellantis N.V. (NYSE:STLA) by 54.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,309 shares of the company’s stock after purchasing an additional 1,167 shares during the quarter. Farther Finance Advisors LLC’s holdings in Stellantis were worth $37,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Stellantis by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock valued at $1,099,842,000 after buying an additional 2,102,528 shares during the period. Norges Bank acquired a new position in Stellantis during the 4th quarter valued at about $609,076,000. Marshall Wace LLP increased its stake in Stellantis by 72,446.0% during the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after buying an additional 17,376,176 shares during the period. Canada Pension Plan Investment Board increased its stake in Stellantis by 24.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company’s stock valued at $185,626,000 after buying an additional 2,839,709 shares during the period. Finally, Franklin Resources Inc. increased its stake in Stellantis by 25.7% during the 4th quarter. Franklin Resources Inc. now owns 9,563,705 shares of the company’s stock valued at $124,309,000 after buying an additional 1,958,142 shares during the period. 59.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on STLA shares. TD Cowen started coverage on shares of Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 target price on the stock. Redburn Atlantic cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 22nd. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stellantis presently has an average rating of “Hold” and a consensus target price of $16.49.

Stellantis Stock Performance

Stellantis stock opened at $9.59 on Wednesday. The firm’s 50 day simple moving average is $9.87 and its 200-day simple moving average is $11.59. The company has a market cap of $28.98 billion, a P/E ratio of 2.81 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.81. Stellantis N.V. has a fifty-two week low of $8.39 and a fifty-two week high of $21.05.

Stellantis Announces Dividend

The company also recently announced a dividend, which was paid on Monday, May 5th. Stockholders of record on Thursday, April 24th were given a $0.5032 dividend. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Wednesday, April 23rd.

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.