Stellantis (NYSE:STLA) Sees Strong Trading Volume

Shares of Stellantis (NYSE:STLA) saw strong trading volume on Thursday . 4,795,591 shares were traded 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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Stellantis in a report on Friday, March 15th. They set an “overweight” rating and a $39.00 target price on the stock. Wolfe Research assumed coverage on shares of Stellantis in a report on Thursday, February 1st. They set an “outperform” rating on the stock. HSBC lowered shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Finally, Morgan Stanley boosted their price target on shares of 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 issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.28.

Stellantis Stock Performance

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 stock’s 50-day moving average is $26.62 and its 200-day moving average is $23.52.

Stellantis Dividend Announcement

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

Insider Activity at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were purchased at an average price of $5.36 per share, for a total transaction of $4,288,000.00. Following the completion of the acquisition, the insider now owns 37,851,720 shares in the company, valued at approximately $202,885,219.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased 3,150,000 shares of company stock worth $15,724,500 in the last quarter. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Westend Capital Management LLC bought a new stake in shares of Stellantis in the 1st quarter worth $38,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Stellantis in the 3rd quarter worth $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis in the 4th quarter worth $40,000. Cape Investment Advisory Inc. grew its stake in shares of Stellantis by 424.4% in the 4th quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after acquiring an additional 1,736 shares in the last quarter. Finally, Solstein Capital LLC bought a new stake in shares of Stellantis in the 4th quarter worth $50,000. Institutional investors and hedge funds 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.