Stellantis (NYSE:STLA) Shares Gap Up to $25.94

Shares of Stellantis (NYSE:STLA) gapped up prior to trading on Monday . The stock had previously closed at $25.94, but opened at $27.02. Stellantis shares last traded at $26.85, with a volume of 828,633 shares traded.

Analyst Upgrades and Downgrades

STLA has been the subject of several research reports. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Piper Sandler began coverage on Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Redburn Atlantic began coverage on Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating for the company. Finally, HSBC cut Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.28.

Stellantis Stock Down 1.7 %

The company has a market cap of $80.81 billion, a PE ratio of 4.23, a P/E/G ratio of 0.33 and a beta of 1.60. The business has a 50-day simple moving average of $26.86 and a 200-day simple moving average of $23.13. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24.

Stellantis Dividend Announcement

The firm also recently declared a 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 is Monday, April 22nd. This represents a yield of 4.55%. Stellantis’s dividend payout ratio is currently 27.05%.

Insider Activity

In other news, major shareholder N.V. Stellantis bought 800,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average price of $5.36 per share, for a total transaction of $4,288,000.00. Following the completion of the transaction, the insider now directly owns 37,851,720 shares in the company, valued at approximately $202,885,219.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 3,150,000 shares of company stock worth $15,724,500 over the last quarter.

Hedge Funds Weigh In On Stellantis

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Stellantis by 553.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 81,067 shares of the company’s stock worth $1,319,000 after acquiring an additional 68,660 shares during the last quarter. US Bancorp DE grew its stake in shares of Stellantis by 3.2% in the first quarter. US Bancorp DE now owns 25,689 shares of the company’s stock valued at $418,000 after buying an additional 802 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Stellantis by 13.6% in the first quarter. HighTower Advisors LLC now owns 25,936 shares of the company’s stock valued at $422,000 after buying an additional 3,108 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Stellantis by 14.4% in the first quarter. PNC Financial Services Group Inc. now owns 34,029 shares of the company’s stock valued at $554,000 after buying an additional 4,276 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Stellantis by 34.8% in the first quarter. BlackRock Inc. now owns 1,959,142 shares of the company’s stock valued at $31,876,000 after buying an additional 505,920 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

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.