Norinchukin Bank The bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 21,255 shares of the auto parts company’s stock, valued at approximately $1,803,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FDx Advisors Inc. acquired a new stake in Aptiv during the 4th quarter worth approximately $2,086,000. ARP Americas LP acquired a new stake in Aptiv during the 4th quarter worth approximately $249,000. Ontario Teachers Pension Plan Board acquired a new stake in Aptiv during the 4th quarter worth approximately $4,242,000. American International Group Inc. acquired a new stake in Aptiv during the 4th quarter worth approximately $9,048,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Aptiv during the 4th quarter worth approximately $65,598,000. 90.26% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP David Paja sold 6,287 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total value of $1,726,180.00. Following the completion of the transaction, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. Insiders purchased a total of 24,000 shares of company stock valued at $2,104,430 over the last ninety days. 0.31% of the stock is currently owned by company insiders.
APTV has been the subject of a number of recent research reports. Jefferies Group reaffirmed a “buy” rating and set a $118.00 price objective on shares of Aptiv in a research report on Tuesday, October 31st. Robert W. Baird decreased their price objective on Aptiv from $131.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Citigroup increased their price objective on Aptiv from $115.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, November 3rd. Finally, BidaskClub cut Aptiv from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. Aptiv presently has an average rating of “Buy” and an average target price of $98.50.
Shares of Aptiv PLC (NYSE:APTV) opened at $92.94 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $24,603.47, a P/E ratio of 18.40, a PEG ratio of 1.44 and a beta of 1.49. Aptiv PLC has a 1-year low of $61.73 and a 1-year high of $96.91.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.05). The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.83 earnings per share. sell-side analysts anticipate that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.
The company also recently disclosed a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were paid a $0.22 dividend. The ex-dividend date was Friday, February 2nd. Aptiv’s payout ratio is currently 17.43%.
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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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