Rhumbline Advisers acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 475,964 shares of the auto parts company’s stock, valued at approximately $40,376,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX acquired a new stake in Aptiv during the 4th quarter valued at approximately $3,586,000. American National Bank acquired a new stake in Aptiv during the 4th quarter valued at approximately $3,632,000. Appleton Partners Inc. MA acquired a new stake in Aptiv during the 4th quarter valued at approximately $823,000. Nisa Investment Advisors LLC acquired a new stake in Aptiv during the 4th quarter valued at approximately $1,857,000. Finally, Bremer Trust National Association acquired a new stake in Aptiv during the 4th quarter valued at approximately $1,914,000. 90.26% of the stock is owned by institutional investors.
In other news, insider Kevin P. Clark bought 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were bought at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average price of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 24,000 shares of company stock worth $2,104,430. 0.31% of the stock is owned by company insiders.
Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. Aptiv’s revenue for the quarter was up 7.7% on a year-over-year basis. research analysts expect that Aptiv PLC will post 5.15 earnings per share for the current year.
The company also recently announced a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 2nd. Aptiv’s dividend payout ratio is currently 17.43%.
APTV has been the subject of a number of recent analyst reports. Guggenheim initiated coverage on shares of Aptiv in a research report on Monday, November 27th. They set a “buy” rating and a $70.00 target price for the company. Jefferies Group set a $100.00 target price on shares of Aptiv and gave the company a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada initiated coverage on shares of Aptiv in a research report on Monday, December 4th. They set an “outperform” rating and a $60.00 target price for the company. Citigroup increased their target price on shares of Aptiv from $115.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Evercore ISI initiated coverage on shares of Aptiv in a research report on Wednesday, December 13th. They set an “outperform” rating and a $92.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $97.84.
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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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