Tower Research Capital LLC TRC Purchases New Position in Aptiv PLC (APTV)

Tower Research Capital LLC TRC purchased a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, HoldingsChannel reports. The firm purchased 3,542 shares of the auto parts company’s stock, valued at approximately $300,000.

Other large investors have also modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Aptiv during the 4th quarter worth $127,000. Huntington National Bank acquired a new stake in Aptiv during the 4th quarter worth $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Aptiv during the 4th quarter worth $144,000. IFP Advisors Inc acquired a new stake in Aptiv during the 4th quarter worth $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in Aptiv during the 4th quarter worth $163,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Aptiv PLC (NYSE APTV) opened at $93.06 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 stock has a market cap of $24,739.07, a PE ratio of 14.91, a PEG ratio of 1.45 and a beta of 1.49. Aptiv PLC has a twelve month low of $73.00 and a twelve month high of $96.91.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.05). The company had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. analysts forecast that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.

The business also recently declared a Not Available dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were issued a $0.22 dividend. The ex-dividend date was Friday, February 2nd. Aptiv’s dividend payout ratio is presently 17.43%.

In related news, insider Kevin P. Clark purchased 22,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average price 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 Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. Insiders bought a total of 24,000 shares of company stock valued at $2,104,430 in the last quarter. Insiders own 0.31% of the company’s stock.

A number of analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Aptiv in a research note on Tuesday, December 5th. They set an “underweight” rating and a $64.00 price target for the company. Bank of America assumed coverage on shares of Aptiv in a research note on Wednesday, December 6th. They set a “neutral” rating and a $57.00 price target for the company. BMO Capital Markets decreased their price target on shares of Aptiv to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on shares of Aptiv in a research report on Tuesday, December 5th. They set a “buy” rating and a $57.00 price objective for the company. Finally, BidaskClub downgraded shares of Aptiv from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Aptiv presently has a consensus rating of “Buy” and an average price target of $98.50.

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Aptiv 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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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