Dynamic Advisor Solutions LLC Decreases Stake in Stellantis (NYSE:STLA)

Dynamic Advisor Solutions LLC lowered its position in Stellantis (NYSE:STLA) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,270 shares of the company’s stock after selling 1,035 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Stellantis were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $832,785,000. Vanguard Group Inc. lifted its position in shares of Stellantis by 10.5% during the 3rd quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after buying an additional 7,883,816 shares during the last quarter. TOMS Capital Investment Management LP purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $106,339,000. Capital Research Global Investors purchased a new stake in shares of Stellantis during the 4th quarter worth approximately $26,808,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Stellantis by 178.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,624,010 shares of the company’s stock worth $37,938,000 after buying an additional 1,041,451 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Price Performance

Shares of STLA opened at $20.73 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The company’s fifty day moving average is $22.28 and its two-hundred day moving average is $23.98. Stellantis has a 1 year low of $16.58 and a 1 year high of $29.51.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Piper Sandler started coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price on the stock. Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Finally, Morgan Stanley lifted their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.28.

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.