Investment House LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,715 shares of the auto parts company’s stock, valued at approximately $1,757,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Cerebellum GP LLC bought a new position in Aptiv in the fourth quarter valued at approximately $127,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Aptiv during the 4th quarter worth approximately $144,000. IFP Advisors Inc bought a new position in shares of Aptiv during the 4th quarter worth approximately $162,000. Winslow Evans & Crocker Inc. bought a new position in shares of Aptiv during the 4th quarter worth approximately $208,000. Finally, Bristlecone Advisors LLC bought a new position in shares of Aptiv during the 4th quarter worth approximately $221,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Kevin P. Clark purchased 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $87.88 per share, with a total value of $1,977,300.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bernd Wiedemann sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total value of $1,726,180.00. Following the transaction, the director now directly owns 7,975 shares in the company, valued at $809,781.50. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 24,000 shares of company stock worth $2,104,430. 0.31% of the stock is owned by corporate insiders.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.05). Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts forecast that Aptiv PLC will post 5.15 earnings per share for the current year.
The firm also recently announced a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s payout ratio is 23.10%.
Several research firms recently issued reports on APTV. Morgan Stanley began coverage on Aptiv in a research note on Tuesday, December 5th. They issued an “underweight” rating and a $64.00 price target for the company. Bank of America began coverage on Aptiv in a report on Wednesday, December 6th. They issued a “neutral” rating and a $57.00 price objective for the company. BMO Capital Markets dropped their price objective on Aptiv to $96.00 and set an “outperform” rating for the company in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Goldman Sachs Group began coverage on Aptiv in a report on Tuesday, December 5th. They issued a “buy” rating and a $57.00 price objective for the company. Finally, BidaskClub cut Aptiv from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $97.84.
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Aptiv PLC, formerly Delphi Automotive PLC, is a global technology company serving the automotive sector. The Company designs and manufactures vehicle components, and provides electrical and electronic and active safety technology solutions to the global automotive and commercial vehicle markets. The Company’s segments include Electrical/Electronic Architecture, and Electronics & Safety.
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