Centiva Capital LP Sells 10,440 Shares of Stellantis (NYSE:STLA)

Centiva Capital LP cut its holdings in Stellantis (NYSE:STLA) by 29.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,825 shares of the company’s stock after selling 10,440 shares during the period. Centiva Capital LP’s holdings in Stellantis were worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Stellantis in the fourth quarter worth approximately $609,076,000. Marshall Wace LLP increased its stake in shares of Stellantis by 72,446.0% in the 4th quarter. Marshall Wace LLP now owns 17,400,161 shares of the company’s stock valued at $226,899,000 after acquiring an additional 17,376,176 shares in the last quarter. Banco Santander S.A. lifted its position in shares of Stellantis by 282.2% during the 4th quarter. Banco Santander S.A. now owns 7,258,025 shares of the company’s stock valued at $94,717,000 after acquiring an additional 5,359,190 shares during the period. Capital Research Global Investors boosted its stake in Stellantis by 306.9% during the fourth quarter. Capital Research Global Investors now owns 6,905,990 shares of the company’s stock worth $90,636,000 after acquiring an additional 5,208,889 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Stellantis during the fourth quarter worth $62,769,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STLA. Redburn Atlantic lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd. DZ Bank upgraded Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 22nd. TD Cowen started coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective for the company. UBS Group lowered Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. Finally, Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. Twelve analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Stellantis presently has an average rating of “Hold” and an average target price of $16.49.

Stellantis Stock Performance

NYSE STLA opened at $9.81 on Monday. 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 has a market cap of $29.66 billion, a price-to-earnings ratio of 2.88 and a beta of 1.45. Stellantis has a 1 year low of $8.39 and a 1 year high of $23.37. The company has a fifty day moving average price of $10.57 and a 200-day moving average price of $12.28.

Stellantis Announces Dividend

The business also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, April 24th were issued a $0.5032 dividend. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis’s dividend payout ratio (DPR) is presently 20.82%.

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.