Ashton Thomas Private Wealth LLC Has $844,000 Holdings in Stellantis (NYSE:STLA)

Ashton Thomas Private Wealth LLC boosted its stake in Stellantis (NYSE:STLA) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,832 shares of the company’s stock after buying an additional 3,219 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Stellantis were worth $844,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Stellantis by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock valued at $1,592,244,000 after purchasing an additional 7,883,816 shares in the last quarter. Norges Bank bought a new stake in Stellantis during the fourth quarter worth about $832,785,000. Dimensional Fund Advisors LP grew its stake in Stellantis by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,514,872 shares of the company’s stock worth $175,249,000 after buying an additional 214,654 shares during the last quarter. TOMS Capital Investment Management LP acquired a new stake in shares of Stellantis during the fourth quarter worth approximately $106,339,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Stellantis by 11.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,999,088 shares of the company’s stock valued at $70,161,000 after acquiring an additional 300,486 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Stellantis Price Performance

Shares of NYSE:STLA traded down $0.29 during trading on Friday, hitting $19.58. 1,997,679 shares of the company’s stock were exchanged, compared to its average volume of 5,772,609. The firm has a 50-day moving average price of $21.65 and a two-hundred day moving average price of $23.84. Stellantis has a 1-year low of $17.19 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 firm also recently announced an annual dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a dividend of $1.147 per share. This represents a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, April 22nd.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Nomura reaffirmed a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Berenberg Bank reaffirmed a “hold” rating on shares of Stellantis in a report on Tuesday, March 26th. Morgan Stanley increased their price objective on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Piper Sandler initiated coverage on shares of Stellantis in a research note on Friday, March 15th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, Barclays upgraded shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.55.

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.