Headlands Technologies LLC Purchases 33,072 Shares of Stellantis (NYSE:STLA)

Headlands Technologies LLC lifted its holdings in shares of Stellantis (NYSE:STLA) by 721.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,658 shares of the company’s stock after acquiring an additional 33,072 shares during the period. Headlands Technologies LLC’s holdings in Stellantis were worth $878,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Advisors Ltd. LLC bought a new position in shares of Stellantis in the third quarter valued at approximately $5,305,000. Assenagon Asset Management S.A. increased its holdings in Stellantis by 122.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 149,052 shares of the company’s stock valued at $3,482,000 after purchasing an additional 82,074 shares in the last quarter. Ramirez Asset Management Inc. acquired a new stake in Stellantis during the 3rd quarter valued at $2,405,000. Ballentine Partners LLC increased its stake in shares of Stellantis by 22.1% in the fourth quarter. Ballentine Partners LLC now owns 17,723 shares of the company’s stock valued at $413,000 after buying an additional 3,209 shares in the last quarter. Finally, Camelot Portfolios LLC increased its stake in shares of Stellantis by 185.5% in the fourth quarter. Camelot Portfolios LLC now owns 67,961 shares of the company’s stock valued at $1,585,000 after buying an additional 44,158 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Insider Transactions at Stellantis

In related news, major shareholder N.V. Stellantis purchased 800,000 shares of Stellantis stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the transaction, the insider now owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 3,150,000 shares of company stock worth $15,724,500 in the last three months. Insiders own 0.02% of the company’s stock.

Stellantis Price Performance

Shares of STLA stock traded up $0.14 on Friday, hitting $24.74. 4,322,924 shares of the stock were exchanged, compared to its average volume of 5,098,025. Stellantis has a fifty-two week low of $15.07 and a fifty-two week high of $29.51. The business has a 50-day moving average of $26.95 and a 200 day moving average of $23.42. 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 Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date is Monday, April 22nd.

Wall Street Analysts Forecast Growth

STLA has been the subject of several research reports. Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Piper Sandler initiated coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target for the company. HSBC cut Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Sanford C. Bernstein cut Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Finally, Morgan Stanley lifted their price objective on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.28.

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.