Stellantis (NYSE:STLA) Stake Lifted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its stake in Stellantis (NYSE:STLA) by 27.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 224,048 shares of the company’s stock after buying an additional 47,973 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Stellantis were worth $2,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Stellantis by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 84,551,129 shares of the company’s stock worth $1,099,842,000 after acquiring an additional 2,102,528 shares during the period. Norges Bank acquired a new stake in shares of Stellantis in the fourth quarter valued at approximately $609,076,000. Marshall Wace LLP increased its stake in shares of Stellantis by 72,446.0% in the fourth quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after purchasing an additional 17,376,176 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Stellantis by 24.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 14,245,300 shares of the company’s stock valued at $185,626,000 after buying an additional 2,839,709 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in shares of Stellantis by 34.3% during the fourth quarter. AustralianSuper Pty Ltd now owns 12,210,877 shares of the company’s stock worth $159,495,000 after buying an additional 3,121,462 shares during the period. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Cowen assumed coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 target price on the stock. Cowen assumed coverage on shares of Stellantis in a research note on Thursday, March 6th. They set a “hold” rating on the stock. UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. Redburn Atlantic cut shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Tuesday. Finally, Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. Eleven research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Stellantis has an average rating of “Hold” and an average target price of $16.49.

Stellantis Stock Performance

Shares of STLA opened at $9.51 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85. The firm’s 50 day moving average is $11.61 and its 200-day moving average is $12.62. Stellantis has a 12-month low of $8.39 and a 12-month high of $25.05. The stock has a market capitalization of $28.75 billion, a P/E ratio of 2.79 and a beta of 1.44.

Stellantis Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Shareholders of record on Thursday, April 24th will be given a $0.5032 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a yield of 6.07%. Stellantis’s dividend payout ratio (DPR) is 20.82%.

Stellantis 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.