Stellantis (NYSE:STLA) Shares Gap Down to $20.73

Shares of Stellantis (NYSE:STLA) gapped down prior to trading on Thursday . The stock had previously closed at $20.73, but opened at $19.98. Stellantis shares last traded at $20.08, with a volume of 1,348,339 shares.

Analyst Ratings Changes

A number of research firms have recently commented on STLA. Nomura reissued a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Barclays raised shares of Stellantis to a “strong-buy” rating in a report on Monday, June 17th. Sanford C. Bernstein initiated coverage on Stellantis in a research note on Friday. They issued a “market perform” rating and a $23.50 price objective for the company. Finally, Morgan Stanley increased their target price on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.55.

Stellantis Stock Up 0.4 %

The business has a 50 day moving average of $22.04 and a 200 day moving average of $23.93. 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 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 given a dividend of $1.147 per share. The ex-dividend date of this dividend was Monday, April 22nd. This represents a dividend yield of 4.55%.

Hedge Funds Weigh In On Stellantis

Large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Stellantis during the 3rd quarter valued at $246,000. Envestnet Asset Management Inc. increased its position in Stellantis by 139.1% during the 3rd 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 in the last quarter. FMR LLC increased its position in Stellantis by 110.0% during the 3rd quarter. FMR LLC now owns 1,707,330 shares of the company’s stock valued at $32,661,000 after buying an additional 894,367 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Stellantis by 27.9% in the third quarter. LPL Financial LLC now owns 198,462 shares of the company’s stock valued at $3,797,000 after purchasing an additional 43,313 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Stellantis by 7.0% in the third quarter. Northern Trust Corp now owns 2,176,169 shares of the company’s stock valued at $41,630,000 after purchasing an additional 142,519 shares during the period. Institutional investors own 59.48% of the company’s stock.

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.