Stellantis (NYSE:STLA) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of Stellantis (NYSE:STLA) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,861 shares of the company’s stock after selling 1,049 shares during the period. OLD National Bancorp IN’s holdings in Stellantis were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Stellantis during the third quarter worth $26,000. Bruce G. Allen Investments LLC acquired a new position in Stellantis in the fourth quarter valued at $40,000. Solstein Capital LLC acquired a new position in Stellantis in the fourth quarter valued at $50,000. Global Retirement Partners LLC boosted its stake in Stellantis by 953.6% in the third quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after acquiring an additional 2,098 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in Stellantis by 20.6% in the third quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock valued at $67,000 after acquiring an additional 598 shares in the last quarter. Institutional investors and hedge funds own 59.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on STLA shares. HSBC downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Sanford C. Bernstein downgraded shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Wolfe Research started coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating for the company. Finally, Redburn Atlantic started coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus price target of $30.28.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis purchased 750,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $5.19 per share, with a total value of $3,892,500.00. Following the completion of the acquisition, the insider now directly owns 39,351,720 shares of the company’s stock, valued at approximately $204,235,426.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 3,150,000 shares of company stock valued at $15,724,500 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Stellantis Stock Down 1.0 %

NYSE STLA opened at $24.60 on Friday. Stellantis has a 52-week low of $15.07 and a 52-week high of $29.51. The firm has a 50-day moving average price of $26.97 and a 200 day moving average price of $23.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95.

Stellantis Announces Dividend

The company also recently declared an annual dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be issued a dividend of $1.147 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a yield of 4.55%.

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.