Baker Ellis Asset Management LLC Sells 7,950 Shares of Stellantis (NYSE:STLA)

Baker Ellis Asset Management LLC trimmed its stake in shares of Stellantis (NYSE:STLA) by 8.6% during the first quarter, HoldingsChannel.com reports. The firm owned 84,236 shares of the company’s stock after selling 7,950 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Stellantis were worth $2,384,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STLA. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Stellantis during the 3rd quarter valued at $246,000. Envestnet Asset Management Inc. increased its stake in Stellantis by 139.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 213,158 shares of the company’s stock worth $4,084,000 after acquiring an additional 124,022 shares during the last quarter. FMR LLC increased its stake in Stellantis by 110.0% in the 3rd quarter. FMR LLC now owns 1,707,330 shares of the company’s stock worth $32,661,000 after acquiring an additional 894,367 shares during the last quarter. LPL Financial LLC increased its stake in Stellantis by 27.9% in the 3rd quarter. LPL Financial LLC now owns 198,462 shares of the company’s stock worth $3,797,000 after acquiring an additional 43,313 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Stellantis by 7.0% in the 3rd quarter. Northern Trust Corp now owns 2,176,169 shares of the company’s stock worth $41,630,000 after acquiring an additional 142,519 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays upgraded Stellantis to a “strong-buy” rating in a research note on Monday, June 17th. Nomura restated a “neutral” rating on shares of Stellantis in a research note on Wednesday, March 13th. Morgan Stanley upped their target price on Stellantis from $26.00 to $30.40 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. Finally, Piper Sandler initiated coverage on Stellantis in a report on Friday, March 15th. They issued an “overweight” rating and a $39.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Stellantis currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.55.

Stellantis Trading Up 0.4 %

Shares of STLA traded up $0.08 during midday trading on Friday, reaching $19.85. The stock had a trading volume of 8,359,782 shares, compared to its average volume of 5,488,639. The company’s 50-day moving average is $22.04 and its 200 day moving average is $23.93. Stellantis has a 12-month low of $17.19 and a 12-month high of $29.51. 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 Dividend Announcement

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

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.