Glenorchy Capital Ltd Makes New Investment in Stellantis (NYSE:STLA)

Glenorchy Capital Ltd acquired a new position in shares of Stellantis (NYSE:STLA) in the 4th quarter, HoldingsChannel reports. The fund acquired 13,976 shares of the company’s stock, valued at approximately $326,000.

Other institutional investors also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Stellantis in the third quarter valued at $26,000. Bruce G. Allen Investments LLC purchased a new position in shares of Stellantis in the fourth quarter valued at $40,000. Solstein Capital LLC purchased a new position in shares of Stellantis in the fourth quarter valued at $50,000. Global Retirement Partners LLC boosted its stake in shares of Stellantis by 953.6% in the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after purchasing an additional 2,098 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Stellantis by 20.6% in the third quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock valued at $67,000 after purchasing an additional 598 shares during the period. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Stock Up 1.5 %

Shares of NYSE:STLA traded up $0.38 on Tuesday, reaching $24.96. 5,392,120 shares of the company’s stock were exchanged, compared to its average volume of 5,486,021. Stellantis has a fifty-two week low of $15.07 and a fifty-two week high of $29.51. The business’s 50-day moving average is $26.99 and its two-hundred day moving average is $23.36. 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. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. The ex-dividend date is Monday, April 22nd. This represents a dividend yield of 4.55%.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis bought 800,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $4.60 per share, with a total value of $3,680,000.00. Following the completion of the acquisition, the insider now owns 35,451,720 shares of the company’s stock, valued at $163,077,912. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have acquired 3,150,000 shares of company stock valued at $15,724,500.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STLA shares. Wolfe Research started coverage on shares of Stellantis in a research note on Thursday, February 1st. They issued an “outperform” rating for the company. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Piper Sandler initiated coverage on shares of Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price objective on the stock. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Finally, Nomura reiterated a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.