Barlow Wealth Partners Inc. Buys New Shares in Stellantis (NYSE:STLA)

Barlow Wealth Partners Inc. purchased a new stake in Stellantis (NYSE:STLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 403,917 shares of the company’s stock, valued at approximately $9,419,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Stellantis during the third quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis in the 4th quarter worth $40,000. Solstein Capital LLC purchased a new stake in shares of Stellantis in the fourth quarter valued at about $50,000. Smithfield Trust Co boosted its holdings in Stellantis by 23.0% during the third quarter. Smithfield Trust Co now owns 3,589 shares of the company’s stock worth $69,000 after purchasing an additional 670 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Stellantis in the 3rd quarter worth about $88,000. 59.48% of the stock is currently owned by institutional investors.

Insider Transactions at Stellantis

In other news, major shareholder N.V. Stellantis bought 800,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the purchase, the insider now directly owns 36,251,720 shares in the company, valued at $175,095,807.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders bought 3,150,000 shares of company stock worth $15,724,500.

Stellantis Stock Performance

Shares of Stellantis stock traded down $0.34 on Wednesday, hitting $21.44. 10,883,867 shares of the company traded hands, compared to its average volume of 5,728,675. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51. The firm’s 50-day simple moving average is $26.45 and its 200 day simple moving average is $23.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.24.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler started coverage on shares of Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target on the stock. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 28th. Berenberg Bank reiterated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Wolfe Research began coverage on Stellantis in a research report on Thursday, February 1st. They set an “outperform” rating on the stock. Finally, HSBC cut Stellantis from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.28.

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.