Somerset Trust Co acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, Holdings Channel reports. The fund acquired 23,719 shares of the auto parts company’s stock, valued at approximately $2,012,000.
Several other large investors also recently bought and sold shares of APTV. Exxonmobil Investment Management Inc. TX acquired a new stake in shares of Aptiv during the fourth quarter worth $3,586,000. American National Bank acquired a new stake in shares of Aptiv during the fourth quarter worth $3,632,000. Appleton Partners Inc. MA acquired a new stake in shares of Aptiv during the fourth quarter worth $823,000. Nisa Investment Advisors LLC acquired a new stake in shares of Aptiv during the fourth quarter worth $1,857,000. Finally, Bremer Trust National Association acquired a new stake in shares of Aptiv during the fourth quarter worth $1,914,000. Institutional investors and hedge funds own 90.89% of the company’s stock.
APTV has been the subject of several recent research reports. Goldman Sachs Group initiated coverage on shares of Aptiv in a report on Tuesday, December 5th. They set a “buy” rating and a $57.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Aptiv in a report on Monday, December 4th. They set an “outperform” rating and a $60.00 target price for the company. Bank of America raised their target price on shares of Aptiv from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reissued an “overweight” rating and set a $112.00 target price on shares of Aptiv in a report on Monday, September 25th. Finally, Cowen initiated coverage on shares of Aptiv in a report on Monday, September 25th. They set an “outperform” rating and a $120.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and a consensus price target of $93.43.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. analysts predict that Aptiv PLC will post 4.72 earnings per share for the current year.
The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s payout ratio is 29.04%.
In other news, Director Frank J. Dellaquila acquired 1,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was bought at an average price of $83.88 per share, with a total value of $83,880.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin P. Clark acquired 22,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was purchased at an average cost of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by insiders.
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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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