Quantitative Investment Management LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,200 shares of the auto parts company’s stock, valued at approximately $2,901,000.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Aptiv during the fourth quarter worth about $127,000. Huntington National Bank purchased a new position in Aptiv during the fourth quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. purchased a new position in Aptiv during the fourth quarter worth approximately $144,000. IFP Advisors Inc purchased a new position in Aptiv during the fourth quarter worth approximately $162,000. Finally, Meeder Asset Management Inc. purchased a new position in Aptiv during the fourth quarter worth approximately $163,000. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on APTV shares. Barclays reiterated a “buy” rating and set a $106.00 price target on shares of Aptiv in a research report on Tuesday, January 9th. Zacks Investment Research downgraded Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, December 11th. Jefferies Group set a $100.00 target price on Aptiv and gave the company a “buy” rating in a research report on Monday, December 18th. Guggenheim restated a “buy” rating and issued a $104.00 target price on shares of Aptiv in a research report on Wednesday, January 10th. Finally, Robert W. Baird restated a “buy” rating and issued a $104.00 target price on shares of Aptiv in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $98.86.
In related news, SVP David Paja sold 6,287 shares of Aptiv stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank J. Dellaquila bought 500 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $86.50 per share, with a total value of $43,250.00. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.
APTV stock traded down $2.08 during midday trading on Friday, hitting $83.82. 1,578,401 shares of the company’s stock were exchanged, compared to its average volume of 1,405,391. 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 $22,282.71, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.21 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 issued its quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.05). Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the firm posted $1.83 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that Aptiv PLC will post 5.14 EPS for the current year.
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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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