Great Lakes Advisors LLC Sells 2,430 Shares of Stellantis (NYSE:STLA)

Great Lakes Advisors LLC trimmed its position in Stellantis (NYSE:STLA) by 11.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,918 shares of the company’s stock after selling 2,430 shares during the period. Great Lakes Advisors LLC’s holdings in Stellantis were worth $418,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC acquired a new position in Stellantis in the third quarter valued at approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis during the 4th quarter valued at $40,000. Solstein Capital LLC acquired a new position in shares of Stellantis in the 4th quarter valued at $50,000. Smithfield Trust Co boosted its position in shares of Stellantis by 23.0% in the 3rd quarter. Smithfield Trust Co now owns 3,589 shares of the company’s stock worth $69,000 after purchasing an additional 670 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Stellantis during the third quarter worth $88,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on STLA. Wolfe Research started coverage on Stellantis in a research note on Thursday, February 1st. They issued an “outperform” rating on the stock. Piper Sandler began coverage on shares of Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target on the stock. HSBC cut shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Finally, Nomura reissued a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.28.

Stellantis Stock Up 0.1 %

Shares of STLA opened at $22.11 on Thursday. 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 has a twelve month low of $15.07 and a twelve month high of $29.51. The company has a 50 day moving average of $25.42 and a 200-day moving average of $23.85.

Stellantis Dividend Announcement

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

Insider Buying and Selling at Stellantis

In other Stellantis news, major shareholder N.V. Stellantis acquired 800,000 shares of Stellantis stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $4.83 per share, for a total transaction of $3,864,000.00. Following the purchase, the insider now directly owns 36,251,720 shares in the company, valued at approximately $175,095,807.60. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 3,150,000 shares of company stock worth $15,724,500. Insiders own 0.02% of the company’s stock.

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.