HighPoint Advisor Group LLC Makes New $201,000 Investment in Stellantis (NYSE:STLA)

HighPoint Advisor Group LLC purchased a new position in Stellantis (NYSE:STLA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,598 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently modified their holdings of STLA. HighTower Advisors LLC grew its holdings in Stellantis by 34.3% during the 3rd quarter. HighTower Advisors LLC now owns 54,210 shares of the company’s stock worth $1,038,000 after acquiring an additional 13,851 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in Stellantis in the third quarter worth approximately $246,000. Envestnet Asset Management Inc. lifted its stake in Stellantis by 139.1% in the third quarter. Envestnet Asset Management Inc. now owns 213,158 shares of the company’s stock valued at $4,084,000 after buying an additional 124,022 shares during the period. FMR LLC boosted its holdings in shares of Stellantis by 110.0% during the 3rd quarter. FMR LLC now owns 1,707,330 shares of the company’s stock worth $32,661,000 after buying an additional 894,367 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Stellantis by 27.9% during the 3rd quarter. LPL Financial LLC now owns 198,462 shares of the company’s stock worth $3,797,000 after buying an additional 43,313 shares during the period. 59.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on STLA shares. Nomura reissued a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Morgan Stanley boosted their target price on Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Finally, Barclays raised Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.28.

Stellantis Stock Up 0.0 %

Stellantis stock opened at $20.50 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24. The business has a 50-day simple moving average of $22.60 and a 200 day simple moving average of $24.00. Stellantis has a 52 week low of $16.41 and a 52 week high of $29.51.

Stellantis Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 3rd. Stockholders of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, April 22nd.

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.