Stevens Capital Management LP Acquires Shares of 10,991 Aptiv PLC (APTV)

Stevens Capital Management LP acquired a new stake in Aptiv PLC (NYSE:APTV) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,991 shares of the auto parts company’s stock, valued at approximately $922,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its stake in shares of Aptiv by 90.6% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 716 shares during the period. Capital Advisors Ltd. LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $154,000. Cranbrook Wealth Management LLC acquired a new position in shares of Aptiv in the 2nd quarter valued at $162,000. Ropes Wealth Advisors LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $195,000. Finally, IFP Advisors Inc lifted its stake in shares of Aptiv by 65.5% in the 3rd quarter. IFP Advisors Inc now owns 2,391 shares of the auto parts company’s stock valued at $201,000 after purchasing an additional 946 shares during the period. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Several analysts recently commented on APTV shares. Macquarie started coverage on Aptiv in a research note on Monday, October 8th. They set an “outperform” rating on the stock. Citigroup dropped their price objective on Aptiv from $112.50 to $99.00 and set a “buy” rating on the stock in a research note on Friday, October 12th. Morgan Stanley raised their price objective on Aptiv from $79.00 to $81.00 and gave the stock an “underweight” rating in a research note on Monday, August 13th. Jefferies Financial Group started coverage on Aptiv in a research note on Tuesday. They set a “buy” rating and a $100.00 price objective on the stock. Finally, ValuEngine downgraded Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have given a buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and an average price target of $101.82.

APTV opened at $67.09 on Friday. Aptiv PLC has a 1 year low of $66.94 and a 1 year high of $103.23. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.06 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 1.54.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.41 billion. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that Aptiv PLC will post 5.15 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, November 6th. Aptiv’s dividend payout ratio is 18.97%.

In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

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About Aptiv

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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