Stellantis (NYSE:STLA) Sees Large Volume Increase

Shares of Stellantis (NYSE:STLA) saw strong trading volume on Thursday . 4,795,591 shares changed hands during trading, a decline of 13% from the previous session’s volume of 5,523,293 shares.The stock last traded at $21.42 and had previously closed at $22.48.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. HSBC cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Redburn Atlantic initiated coverage on shares of Stellantis in a report on Wednesday, January 24th. They set a “buy” rating for the company. Finally, Piper Sandler started coverage on Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.28.

Stellantis Stock Down 4.1 %

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’s 50 day simple moving average is $26.87 and its two-hundred day simple moving average is $23.52.

Stellantis Dividend Announcement

The company 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 $1.147 dividend. The ex-dividend date is Monday, April 22nd. This represents a yield of 4.55%.

Insider Activity

In related news, major shareholder N.V. Stellantis purchased 800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the acquisition, the insider now owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 3,150,000 shares of company stock valued at $15,724,500 in the last quarter. 0.02% of the stock is currently owned by insiders.

Institutional Trading of Stellantis

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Stellantis during the 4th quarter valued at about $832,785,000. Acadian Asset Management LLC raised its position in Stellantis by 100,358.0% during the third quarter. Acadian Asset Management LLC now owns 20,993,704 shares of the company’s stock valued at $404,714,000 after purchasing an additional 20,972,806 shares during the period. Invesco Ltd. bought a new stake in shares of Stellantis in the 3rd quarter valued at approximately $232,047,000. Vanguard Group Inc. boosted its holdings in shares of Stellantis by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after purchasing an additional 7,883,816 shares during the period. Finally, TOMS Capital Investment Management LP bought a new position in shares of Stellantis during the 4th quarter valued at approximately $106,339,000. 59.48% of the stock is currently owned by institutional investors.

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.