Cim Investment Mangement Inc. grew its stake in shares of Aptiv PLC (NYSE:APTV) by 91.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,975 shares of the auto parts company’s stock after buying an additional 8,602 shares during the period. Aptiv accounts for 0.5% of Cim Investment Mangement Inc.’s investment portfolio, making the stock its 23rd biggest position. Cim Investment Mangement Inc.’s holdings in Aptiv were worth $1,527,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Aptiv in the fourth quarter valued at $5,295,000. BB&T Securities LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $7,384,000. William Blair Investment Management LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $31,188,000. Dupont Capital Management Corp purchased a new stake in shares of Aptiv in the fourth quarter valued at $2,841,000. Finally, AXA purchased a new stake in shares of Aptiv in the fourth quarter valued at $63,257,000. 89.37% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Robert W. Baird lifted their price objective on Aptiv from $106.00 to $107.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. Citigroup lifted their price objective on Aptiv to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 8th. Berenberg Bank raised Aptiv from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. BMO Capital Markets lifted their target price on Aptiv to $111.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Aptiv from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Wednesday, April 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty have given a buy rating to the company’s stock. Aptiv currently has a consensus rating of “Buy” and a consensus price target of $99.00.
Shares of Aptiv opened at $97.89 on Thursday, according to MarketBeat.com. The stock has a market cap of $25.98 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.36 and a beta of 1.49. Aptiv PLC has a 12 month low of $70.74 and a 12 month high of $98.79. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.27 and a current ratio of 1.60.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, May 2nd. The auto parts company reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.09. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Aptiv had a return on equity of 44.95% and a net margin of 8.44%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. equities research analysts predict that Aptiv PLC will post 5.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 9th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Tuesday, May 8th. Aptiv’s dividend payout ratio is presently 18.97%.
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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