FCG Investment Co Buys 38,754 Shares of Stellantis (NYSE:STLA)

FCG Investment Co lifted its stake in shares of Stellantis (NYSE:STLA) by 123.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,142 shares of the company’s stock after acquiring an additional 38,754 shares during the quarter. Stellantis makes up 1.6% of FCG Investment Co’s holdings, making the stock its 14th biggest holding. FCG Investment Co’s holdings in Stellantis were worth $1,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Westend Capital Management LLC bought a new stake in Stellantis during the first quarter valued at $38,000. Bruce G. Allen Investments LLC bought a new stake in shares of Stellantis during the 4th quarter valued at about $40,000. Solstein Capital LLC acquired a new stake in Stellantis during the fourth quarter worth approximately $50,000. Cape Investment Advisory Inc. increased its holdings in Stellantis by 424.4% in the fourth quarter. Cape Investment Advisory Inc. now owns 2,145 shares of the company’s stock worth $50,000 after purchasing an additional 1,736 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new position in Stellantis in the fourth quarter valued at approximately $59,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Stellantis Trading Up 1.1 %

NYSE STLA traded up $0.21 during trading on Thursday, hitting $19.87. 5,132,485 shares of the company’s stock traded hands, compared to its average volume of 5,762,602. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.95. The business has a 50 day moving average of $21.74 and a 200-day moving average of $23.87. Stellantis has a 12-month low of $17.19 and a 12-month high of $29.51.

Stellantis Dividend Announcement

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

Wall Street Analyst Weigh In

STLA has been the topic of a number of research reports. Piper Sandler assumed coverage on Stellantis in a research note on Friday, March 15th. They set an “overweight” rating and a $39.00 price target on the stock. Nomura reiterated a “neutral” rating on shares of Stellantis in a report on Wednesday, March 13th. Barclays raised shares of Stellantis to a “strong-buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein started coverage on shares of Stellantis in a report on Friday, June 28th. They set a “market perform” rating and a $23.50 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Stellantis from $26.00 to $30.40 and gave the company an “overweight” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.55.

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.