Segment Wealth Management LLC bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,612 shares of the auto parts company’s stock, valued at approximately $900,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of APTV. Winslow Evans & Crocker Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth $208,000. BKD Wealth Advisors LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $233,000. RNC Capital Management LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $243,000. Fox Run Management L.L.C. acquired a new stake in shares of Aptiv in the fourth quarter worth $263,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth $292,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
A number of analysts have recently weighed in on the stock. Barclays restated a “buy” rating and issued a $104.00 price objective on shares of Aptiv in a research note on Sunday. Guggenheim restated a “buy” rating and issued a $104.00 price objective on shares of Aptiv in a research note on Wednesday, January 10th. Robert W. Baird restated a “buy” rating and issued a $104.00 price objective on shares of Aptiv in a research note on Tuesday, January 9th. Longbow Research started coverage on shares of Aptiv in a research note on Friday, January 5th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, BMO Capital Markets dropped their target price on shares of Aptiv to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Aptiv has an average rating of “Buy” and an average price target of $93.33.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.10. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.10 billion. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. Aptiv’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share. analysts expect that Aptiv PLC will post 4.72 EPS for the current fiscal year.
The firm also recently declared 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 dividend payout ratio (DPR) is presently 29.04%.
In other Aptiv news, insider Kevin P. Clark purchased 22,500 shares of the stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bernd Wiedemann sold 17,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the completion of the sale, the director now directly owns 7,975 shares in the company, valued at approximately $809,781.50. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.
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Aptiv Company Profile
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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