Ashton Thomas Private Wealth LLC Increases Holdings in Stellantis (NYSE:STLA)

Ashton Thomas Private Wealth LLC lifted its stake in Stellantis (NYSE:STLA) by 12.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 29,832 shares of the company’s stock after buying an additional 3,219 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Stellantis were worth $844,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Westend Capital Management LLC bought a new position in shares of Stellantis in the 1st quarter worth about $38,000. Bruce G. Allen Investments LLC bought a new position in Stellantis during the fourth quarter valued at approximately $40,000. Cape Investment Advisory Inc. increased its position in Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock valued at $50,000 after acquiring an additional 1,736 shares during the last quarter. Solstein Capital LLC purchased a new stake in Stellantis during the fourth quarter valued at approximately $50,000. Finally, Scarborough Advisors LLC bought a new stake in Stellantis during the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Stock Down 1.5 %

STLA traded down $0.29 on Friday, hitting $19.58. 1,997,679 shares of the company’s stock were exchanged, compared to its average volume of 5,772,609. The firm has a 50-day moving average price of $21.65 and a 200-day moving average price of $23.84. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. Stellantis has a fifty-two week low of $17.19 and a fifty-two week high of $29.51.

Stellantis Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on STLA shares. Nomura restated a “neutral” rating on shares of Stellantis in a research report on Wednesday, March 13th. Sanford C. Bernstein assumed coverage on shares of Stellantis in a research note on Friday, June 28th. They issued a “market perform” rating and a $23.50 price target on the stock. Berenberg Bank reissued a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Piper Sandler started coverage on shares of Stellantis in a research report on Friday, March 15th. They set an “overweight” rating and a $39.00 price target for the company. Finally, Morgan Stanley boosted their price target on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Stellantis presently has an average rating of “Moderate Buy” and an average price target of $29.55.

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.