Sumitomo Mitsui Trust Holdings Inc. Has $70.42 Million Holdings in Stellantis (NYSE:STLA)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Stellantis (NYSE:STLA) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,009,145 shares of the company’s stock after selling 227,635 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.10% of Stellantis worth $70,415,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Stellantis by 10.5% in the third quarter. Vanguard Group Inc. now owns 83,232,805 shares of the company’s stock worth $1,592,244,000 after purchasing an additional 7,883,816 shares during the last quarter. Norges Bank bought a new stake in Stellantis during the fourth quarter valued at $451,611,000. Acadian Asset Management LLC grew its holdings in Stellantis by 100,358.0% during the 3rd quarter. Acadian Asset Management LLC now owns 20,993,704 shares of the company’s stock worth $404,714,000 after acquiring an additional 20,972,806 shares during the period. Invesco Ltd. bought a new position in shares of Stellantis in the 3rd quarter worth about $232,047,000. Finally, Bank of New York Mellon Corp raised its position in shares of Stellantis by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,751,212 shares of the company’s stock worth $205,671,000 after acquiring an additional 185,487 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Wall Street Analysts Forecast Growth

STLA has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Nomura reiterated a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Wolfe Research initiated coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating on the stock. Redburn Atlantic initiated coverage on shares of Stellantis in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Finally, HSBC cut shares of Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.28.

Stellantis Stock Down 0.1 %

Shares of STLA opened at $25.78 on Thursday. Stellantis has a 52 week low of $15.07 and a 52 week high of $29.51. The stock has a 50 day moving average price of $26.91 and a two-hundred day moving average price of $23.15. 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 Dividend Announcement

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

Insider Activity at Stellantis

In other news, major shareholder N.V. Stellantis bought 800,000 shares of Stellantis stock in a transaction dated Monday, March 11th. The stock was purchased at an average price 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders purchased 3,150,000 shares of company stock valued at $15,724,500.

About Stellantis

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.