Trillium Asset Management LLC lifted its position in Aptiv PLC (NYSE:APTV) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,346 shares of the auto parts company’s stock after buying an additional 1,728 shares during the period. Trillium Asset Management LLC’s holdings in Aptiv were worth $10,696,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. NuWave Investment Management LLC boosted its stake in Aptiv by 309.1% in the 3rd quarter. NuWave Investment Management LLC now owns 315 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 238 shares during the period. Cornerstone Advisors Inc. boosted its stake in Aptiv by 30.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 162 shares during the period. Point72 Hong Kong Ltd acquired a new position in Aptiv in the 2nd quarter worth $63,000. Huntington National Bank boosted its stake in Aptiv by 25.0% in the 2nd quarter. Huntington National Bank now owns 1,095 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 219 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Aptiv by 71.4% in the 3rd quarter. Parallel Advisors LLC now owns 1,186 shares of the auto parts company’s stock worth $104,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
A number of brokerages recently weighed in on APTV. Morgan Stanley reduced their target price on shares of Aptiv from $63.00 to $62.00 and set an “underweight” rating for the company in a research note on Wednesday, September 25th. Zacks Investment Research lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Wednesday, September 11th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 target price on shares of Aptiv in a research note on Monday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $108.00 target price (up from $99.00) on shares of Aptiv in a research note on Thursday, August 1st. Finally, Citigroup upped their target price on shares of Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $92.65.
Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.27. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the business posted $1.24 EPS. Aptiv’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Aptiv PLC will post 4.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.88 annualized dividend and a yield of 0.96%. Aptiv’s dividend payout ratio is currently 16.73%.
In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. 0.40% of the stock is owned by corporate insiders.
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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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