Stellantis (NYSE:STLA) Given Consensus Rating of “Hold” by Analysts

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

STLA has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on shares of Stellantis in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Wolfe Research initiated coverage on shares of Stellantis in a report on Thursday, February 1st. They set an “outperform” rating on the stock. Nomura reissued a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Morgan Stanley raised their target price on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler initiated coverage on shares of Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 target price on the stock.

Insiders Place Their Bets

In other news, major shareholder N.V. Stellantis purchased 800,000 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was acquired at an average price of $4.60 per share, with a total value of $3,680,000.00. Following the purchase, the insider now directly owns 35,451,720 shares of the company’s stock, valued at approximately $163,077,912. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 3,150,000 shares of company stock worth $15,724,500.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. increased its stake in shares of Stellantis by 43.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 3,869 shares of the company’s stock valued at $68,000 after acquiring an additional 1,177 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Stellantis by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock worth $67,000 after purchasing an additional 598 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Stellantis by 6.6% during the 3rd quarter. Ritholtz Wealth Management now owns 17,592 shares of the company’s stock worth $337,000 after purchasing an additional 1,095 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Stellantis by 953.6% during the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after purchasing an additional 2,098 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of Stellantis by 5.3% during the 3rd quarter. Ballentine Partners LLC now owns 14,514 shares of the company’s stock worth $278,000 after purchasing an additional 736 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Stellantis Trading Up 1.5 %

NYSE STLA opened at $24.96 on Wednesday. The firm has a 50 day simple moving average of $26.99 and a 200-day simple moving average 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 has a one year low of $15.07 and a one year high of $29.51.

Stellantis Announces Dividend

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

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.