Augustine Asset Management Inc. reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 64,999 shares of the auto parts company’s stock after selling 1,636 shares during the period. Aptiv accounts for 2.7% of Augustine Asset Management Inc.’s portfolio, making the stock its 13th largest position. Augustine Asset Management Inc.’s holdings in Aptiv were worth $4,001,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Advisor Partners LLC raised its holdings in Aptiv by 3.5% in the fourth quarter. Advisor Partners LLC now owns 4,183 shares of the auto parts company’s stock valued at $258,000 after buying an additional 143 shares during the period. OLD Second National Bank of Aurora raised its holdings in Aptiv by 0.7% in the fourth quarter. OLD Second National Bank of Aurora now owns 26,727 shares of the auto parts company’s stock valued at $1,646,000 after buying an additional 174 shares during the period. ETF Managers Group LLC raised its holdings in Aptiv by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,530 shares of the auto parts company’s stock valued at $94,000 after buying an additional 207 shares during the period. Flagship Harbor Advisors LLC raised its holdings in Aptiv by 49.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 730 shares of the auto parts company’s stock valued at $44,000 after buying an additional 240 shares during the period. Finally, Davis Rea LTD. raised its holdings in Aptiv by 1.7% in the fourth quarter. Davis Rea LTD. now owns 15,764 shares of the auto parts company’s stock valued at $971,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 95.01% of the company’s stock.
Shares of NYSE:APTV opened at $79.52 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 0.95. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $103.23. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.10 and a beta of 1.81.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, February 5th. Aptiv’s dividend payout ratio (DPR) is 16.73%.
In other news, insider Kevin P. Clark acquired 11,310 shares of the stock in a transaction on Tuesday, December 11th. The stock was bought at an average price of $67.43 per share, with a total value of $762,633.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by company insiders.
Several research analysts recently commented on APTV shares. KeyCorp set a $95.00 price target on shares of Aptiv and gave the company a “buy” rating in a report on Saturday, February 2nd. Piper Jaffray Companies lowered shares of Aptiv from an “overweight” rating to a “neutral” rating and cut their price target for the company from $110.00 to $78.00 in a report on Friday, January 25th. Wells Fargo & Co cut their price target on shares of Aptiv from $106.00 to $98.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Morgan Stanley cut their price target on shares of Aptiv from $81.00 to $72.00 and set an “underweight” rating on the stock in a report on Wednesday, November 14th. Finally, Barclays raised their price target on shares of Aptiv to $90.00 and gave the company an “overweight” rating in a report on Friday, February 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $93.82.
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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