Headlands Technologies LLC Buys 33,072 Shares of Stellantis (NYSE:STLA)

Headlands Technologies LLC boosted its position in shares of Stellantis (NYSE:STLA) by 721.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,658 shares of the company’s stock after buying an additional 33,072 shares during the period. Headlands Technologies LLC’s holdings in Stellantis were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC bought a new stake in Stellantis in the third quarter worth about $26,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis during the fourth quarter worth $40,000. Global Retirement Partners LLC lifted its holdings in Stellantis by 953.6% during the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock valued at $43,000 after buying an additional 2,098 shares in the last quarter. Solstein Capital LLC purchased a new stake in Stellantis in the 4th quarter valued at about $50,000. Finally, IFP Advisors Inc increased its position in shares of Stellantis by 20.6% during the third quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock worth $67,000 after acquiring an additional 598 shares during the period. 59.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on STLA shares. 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. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. HSBC lowered Stellantis from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Redburn Atlantic initiated coverage on Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.28.

Insiders Place Their Bets

In other Stellantis news, major shareholder N.V. Stellantis bought 800,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the acquisition, the insider now directly owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 3,150,000 shares of company stock worth $15,724,500 in the last quarter. 0.02% of the stock is owned by company insiders.

Stellantis Stock Up 0.6 %

STLA traded up $0.14 during trading hours on Friday, hitting $24.74. 4,322,924 shares of the company’s stock were exchanged, compared to its average volume of 5,098,025. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51. The firm has a 50 day moving average of $26.95 and a 200 day moving average of $23.42. 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 Announces Dividend

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

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.