Todd Asset Management LLC Sells 9,700 Shares of Stellantis (NYSE:STLA)

Todd Asset Management LLC lessened its position in Stellantis (NYSE:STLA) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 152,100 shares of the company’s stock after selling 9,700 shares during the period. Todd Asset Management LLC’s holdings in Stellantis were worth $3,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp bought a new stake in Stellantis in the 4th quarter valued at about $239,000. Fisher Asset Management LLC boosted its holdings in Stellantis by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 133,304 shares of the company’s stock valued at $3,109,000 after purchasing an additional 2,513 shares during the period. LGT Group Foundation boosted its holdings in Stellantis by 6.5% in the 4th quarter. LGT Group Foundation now owns 17,520 shares of the company’s stock valued at $410,000 after purchasing an additional 1,070 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Stellantis by 60.9% in the 4th quarter. First Trust Direct Indexing L.P. now owns 62,080 shares of the company’s stock valued at $1,448,000 after buying an additional 23,494 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its position in shares of Stellantis by 55.4% in the 4th quarter. Hexagon Capital Partners LLC now owns 13,214 shares of the company’s stock valued at $308,000 after buying an additional 4,713 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of NYSE STLA traded up $0.31 during mid-day trading on Friday, reaching $21.86. 9,286,122 shares of the company’s stock traded hands, compared to its average volume of 6,049,596. The business has a 50-day simple moving average of $26.62 and a 200 day simple moving average of $23.52. Stellantis has a 1-year low of $15.07 and a 1-year high of $29.51. 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 company also recently declared an annual dividend, which was paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd were issued a dividend of $1.147 per share. This represents a yield of 4.55%. The ex-dividend date was Monday, April 22nd.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis bought 750,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $5.19 per share, with a total value of $3,892,500.00. Following the acquisition, the insider now owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have bought 3,150,000 shares of company stock worth $15,724,500. 0.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on STLA shares. Wolfe Research started coverage on shares of Stellantis in a research report on Thursday, February 1st. They set an “outperform” rating for the company. Morgan Stanley raised their target price on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Sanford C. Bernstein lowered Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Nomura reiterated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Finally, Piper Sandler initiated coverage on Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.