Wedge Capital Management L L P NC lifted its position in shares of Aptiv PLC (NYSE:APTV) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,969 shares of the auto parts company’s stock after acquiring an additional 21,197 shares during the period. Wedge Capital Management L L P NC owned approximately 0.07% of Aptiv worth $16,442,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in Aptiv by 90.6% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock valued at $126,000 after purchasing an additional 716 shares during the last quarter. First Mercantile Trust Co. bought a new position in Aptiv in the 2nd quarter valued at approximately $159,000. Cranbrook Wealth Management LLC bought a new position in shares of Aptiv during the second quarter valued at $162,000. Capital Advisors Ltd. LLC bought a new position in shares of Aptiv during the third quarter valued at $154,000. Finally, RNC Capital Management LLC bought a new position in shares of Aptiv during the second quarter valued at $202,000. 90.64% of the stock is owned by institutional investors.
NYSE:APTV opened at $76.10 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.15 and a beta of 1.59. Aptiv PLC has a 12 month low of $71.66 and a 12 month high of $103.23.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Aptiv had a net margin of 7.56% and a return on equity of 37.53%. Aptiv’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv PLC will post 5.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, November 6th. Aptiv’s dividend payout ratio is currently 18.97%.
In other news, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total transaction of $111,530.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph R. Massaro sold 2,800 shares of Aptiv stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
Several equities analysts have recently issued reports on the stock. Longbow Research set a $110.00 price target on shares of Aptiv and gave the company a “buy” rating in a research note on Friday, August 24th. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Aptiv in a research note on Wednesday, August 1st. Cowen set a $112.00 price objective on shares of Aptiv and gave the stock a “buy” rating in a research report on Tuesday, July 31st. TheStreet cut shares of Aptiv from a “b” rating to a “c+” rating in a research report on Wednesday, October 31st. Finally, Wolfe Research initiated coverage on shares of Aptiv in a research report on Tuesday, October 2nd. They set an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $97.58.
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Aptiv Company Profile
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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