Harvest Fund Management Co. Ltd Increases Stock Position in Stellantis (NYSE:STLA)

Harvest Fund Management Co. Ltd lifted its holdings in Stellantis (NYSE:STLA) by 2,063.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,086 shares of the company’s stock after purchasing an additional 12,481 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Stellantis were worth $306,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in shares of Stellantis during the 3rd quarter worth approximately $26,000. Bruce G. Allen Investments LLC bought a new position in shares of Stellantis during the 4th quarter worth approximately $40,000. Global Retirement Partners LLC raised its stake in shares of Stellantis by 953.6% during the 3rd quarter. Global Retirement Partners LLC now owns 2,318 shares of the company’s stock worth $43,000 after acquiring an additional 2,098 shares in the last quarter. Solstein Capital LLC bought a new position in shares of Stellantis during the 4th quarter worth approximately $50,000. Finally, IFP Advisors Inc increased its stake in Stellantis by 20.6% during the 3rd quarter. IFP Advisors Inc now owns 3,495 shares of the company’s stock valued at $67,000 after purchasing an additional 598 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

Stellantis Stock Performance

Shares of STLA stock traded down $0.10 during trading hours on Wednesday, hitting $24.86. The company’s stock had a trading volume of 5,318,271 shares, compared to its average volume of 5,483,944. The company has a 50 day moving average of $26.99 and a 200 day moving average of $23.36. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.24. Stellantis has a 12-month low of $15.07 and a 12-month high of $29.51.

Stellantis Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on STLA. Redburn Atlantic began coverage on shares of Stellantis in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Sanford C. Bernstein lowered shares of Stellantis from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 28th. Morgan Stanley upped their price target on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Wolfe Research began coverage on shares of Stellantis in a research note on Thursday, February 1st. They set an “outperform” rating on the stock. Finally, Berenberg Bank restated a “hold” rating on shares of Stellantis in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.28.

Insider Buying and Selling

In other news, major shareholder N.V. Stellantis purchased 800,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $4.83 per share, with a total value of $3,864,000.00. Following the completion of the acquisition, the insider now owns 36,251,720 shares of the company’s stock, valued at approximately $175,095,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have bought 3,150,000 shares of company stock valued at $15,724,500.

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.