Chicago Partners Investment Group LLC Takes Position in Stellantis (NYSE:STLA)

Chicago Partners Investment Group LLC acquired a new stake in Stellantis (NYSE:STLA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,725 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Stellantis in the third quarter valued at approximately $26,000. Bruce G. Allen Investments LLC bought a new stake in Stellantis during the fourth quarter worth approximately $40,000. Solstein Capital LLC bought a new stake in Stellantis during the fourth quarter worth approximately $50,000. Cape Investment Advisory Inc. boosted its holdings in Stellantis by 424.4% during the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after buying an additional 1,736 shares in the last quarter. Finally, Scarborough Advisors LLC bought a new stake in Stellantis during the fourth quarter worth approximately $59,000. 59.48% of the stock is currently owned by institutional investors.

Stellantis Trading Down 0.7 %

STLA stock opened at $20.40 on Wednesday. Stellantis has a 12-month low of $16.41 and a 12-month high of $29.51. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $22.97 and a two-hundred day moving average of $24.07.

Stellantis Dividend Announcement

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

Analyst Upgrades and Downgrades

STLA has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Sanford C. Bernstein cut shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. Nomura restated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research report on Tuesday, March 26th. Finally, Piper Sandler started coverage on shares of Stellantis in a research report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price target for the company. One investment 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 MarketBeat.com, Stellantis currently has an average rating of “Hold” and an average price target of $30.28.

Stellantis 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.