Capital International Inc. CA Purchases 30,029 Shares of Stellantis (NYSE:STLA)

Capital International Inc. CA raised its position in shares of Stellantis (NYSE:STLA) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,469,844 shares of the company’s stock after buying an additional 30,029 shares during the quarter. Capital International Inc. CA’s holdings in Stellantis were worth $32,245,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in Stellantis by 148.8% during the third quarter. Virtu Financial LLC now owns 48,303 shares of the company’s stock valued at $679,000 after purchasing an additional 28,891 shares in the last quarter. SkyView Investment Advisors LLC raised its position in shares of Stellantis by 5.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 181,148 shares of the company’s stock valued at $2,552,000 after buying an additional 8,988 shares in the last quarter. Te Ahumairangi Investment Management Ltd lifted its holdings in shares of Stellantis by 28.3% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 537,996 shares of the company’s stock valued at $7,408,000 after acquiring an additional 118,635 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Stellantis in the 3rd quarter valued at about $1,324,000. Finally, Franklin Resources Inc. increased its stake in Stellantis by 74.7% during the third quarter. Franklin Resources Inc. now owns 7,605,563 shares of the company’s stock worth $102,340,000 after acquiring an additional 3,252,492 shares during the last quarter. Institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler lowered Stellantis from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $23.00 to $13.00 in a research note on Thursday, March 20th. TD Cowen initiated coverage on Stellantis in a research report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday, April 14th. Finally, Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating on the stock. Ten analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.49.

Stellantis Stock Up 2.0 %

NYSE:STLA opened at $9.42 on Friday. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 2.76 and a beta of 1.44. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.96. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $11.77 and a 200-day simple moving average of $12.68.

Stellantis Dividend Announcement

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

Stellantis 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.