Sciencast Management LP bought a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,378 shares of the auto parts company’s stock, valued at approximately $222,000.
Several other hedge funds have also bought and sold shares of APTV. BlackRock Inc. acquired a new position in shares of Aptiv during the 4th quarter worth approximately $1,534,060,000. Lazard Asset Management LLC acquired a new position in shares of Aptiv during the 4th quarter worth approximately $478,991,000. Longview Partners Guernsey LTD acquired a new position in shares of Aptiv during the 4th quarter worth approximately $378,094,000. Alliancebernstein L.P. acquired a new position in shares of Aptiv during the 4th quarter worth approximately $331,936,000. Finally, Generation Investment Management LLP acquired a new position in shares of Aptiv during the 4th quarter worth approximately $303,480,000. 92.23% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Goldman Sachs assumed coverage on Aptiv in a report on Tuesday, December 5th. They set a “buy” rating and a $57.00 target price on the stock. Royal Bank of Canada assumed coverage on Aptiv in a report on Monday, December 4th. They set an “outperform” rating and a $60.00 target price on the stock. Robert W. Baird assumed coverage on Aptiv in a report on Wednesday, November 22nd. They set an “outperform” rating and a $61.00 target price on the stock. Guggenheim assumed coverage on Aptiv in a report on Monday, November 27th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Bank of America raised Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $98.43.
Shares of Aptiv PLC (NYSE:APTV) opened at $89.32 on Friday. The firm has a market capitalization of $23,744.83, a price-to-earnings ratio of 17.69, a PEG ratio of 1.29 and a beta of 1.47. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 1.17. Aptiv PLC has a 1 year low of $61.73 and a 1 year high of $96.91.
Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. sell-side analysts anticipate that Aptiv PLC will post 5.14 earnings per share for the current year.
In related news, Director Frank J. Dellaquila bought 500 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $43,250.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Paja sold 6,287 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.
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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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