Lighthouse Investment Partners LLC Sells 37,997 Shares of Stellantis (NYSE:STLA)

Lighthouse Investment Partners LLC trimmed its position in Stellantis (NYSE:STLA) by 43.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,000 shares of the company’s stock after selling 37,997 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in Stellantis were worth $652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new stake in shares of Stellantis in the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Stellantis in the 4th quarter valued at about $47,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Stellantis by 67.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares during the period. WealthCollab LLC raised its holdings in shares of Stellantis by 96.5% in the 4th quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock valued at $60,000 after purchasing an additional 2,256 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of Stellantis by 29.7% in the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company’s stock valued at $69,000 after purchasing an additional 1,211 shares during the period. 59.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DZ Bank raised shares of Stellantis from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 22nd. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $23.00 to $13.00 in a report on Thursday, March 20th. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Redburn Atlantic cut shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Tuesday, April 22nd. Finally, UBS Group cut shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. Twelve equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Stellantis has a consensus rating of “Hold” and a consensus target price of $16.49.

Stellantis Stock Performance

Shares of NYSE:STLA opened at $10.83 on Thursday. The company’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $12.24. Stellantis has a 12-month low of $8.39 and a 12-month high of $23.30. The firm has a market cap of $32.74 billion, a PE ratio of 3.18 and a beta of 1.45. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Stellantis Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, May 5th. Shareholders of record on Thursday, April 24th were given a dividend of $0.5032 per share. The ex-dividend date was Wednesday, April 23rd. This represents a dividend yield of 6.07%. Stellantis’s payout ratio 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.