Point72 Italy S.r.l. Invests $2.14 Million in Stellantis (NYSE:STLA)

Point72 Italy S.r.l. acquired a new stake in Stellantis (NYSE:STLA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 163,800 shares of the company’s stock, valued at approximately $2,138,000. Stellantis accounts for 1.2% of Point72 Italy S.r.l.’s portfolio, making the stock its 22nd largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Stellantis in the fourth quarter valued at approximately $609,076,000. Bridgewater Associates LP purchased a new stake in Stellantis in the 4th quarter worth approximately $999,000. Korea Investment CORP boosted its holdings in Stellantis by 32.1% in the 4th quarter. Korea Investment CORP now owns 1,305,558 shares of the company’s stock valued at $17,020,000 after purchasing an additional 317,091 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Stellantis by 3.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,529,083 shares of the company’s stock valued at $59,045,000 after purchasing an additional 162,201 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Stellantis during the 4th quarter valued at $1,151,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STLA has been the subject of several recent analyst reports. Cowen initiated coverage on Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. DZ Bank upgraded shares of Stellantis from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 22nd. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. TD Cowen began 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. Finally, UBS Group downgraded shares of Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, April 14th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.49.

Stellantis Price Performance

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

Stellantis Dividend Announcement

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

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.