Stellantis (NYSE:STLA) Downgraded by Redburn Atlantic to Neutral

Redburn Atlantic downgraded shares of Stellantis (NYSE:STLA) from a buy rating to a neutral rating in a report published on Tuesday, MarketBeat reports.

Several other research firms have also recently weighed in on STLA. UBS Group cut Stellantis from a “buy” rating to a “neutral” rating in a research report on Monday, April 14th. TD Cowen assumed coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price target for the company. Piper Sandler downgraded shares of Stellantis from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a report on Thursday, March 20th. Finally, Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating for the company. Twelve investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.49.

Stellantis Price Performance

NYSE STLA opened at $9.33 on Tuesday. The stock has a market capitalization of $28.21 billion, a PE ratio of 2.74 and a beta of 1.44. The stock has a 50-day simple moving average of $11.42 and a 200 day simple moving average of $12.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a twelve month low of $8.39 and a twelve month high of $25.05.

Stellantis Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, May 5th. Investors of record on Thursday, April 24th will be given a $0.5032 dividend. This represents a yield of 6.07%. The ex-dividend date is Wednesday, April 23rd. Stellantis’s dividend payout ratio (DPR) is presently 20.82%.

Hedge Funds Weigh In On Stellantis

Several hedge funds and other institutional investors have recently modified their holdings of STLA. Geneos Wealth Management Inc. bought a new stake in Stellantis in the fourth quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis in the 4th quarter valued at $29,000. GAMMA Investing LLC grew its holdings in shares of Stellantis by 422.3% in the 1st quarter. GAMMA Investing LLC now owns 3,139 shares of the company’s stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Stellantis by 54.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,309 shares of the company’s stock valued at $37,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis in the fourth quarter valued at about $47,000. Institutional investors own 59.48% of the company’s stock.

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.