Gabelli Funds LLC cut its position in shares of Aptiv PLC (NYSE:APTV) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,276 shares of the auto parts company’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC’s holdings in Aptiv were worth $9,084,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its position in shares of Aptiv by 90.6% during the third quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock worth $126,000 after buying an additional 716 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Aptiv during the third quarter worth $154,000. First Mercantile Trust Co. acquired a new stake in shares of Aptiv during the second quarter worth $159,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Aptiv during the second quarter worth $162,000. Finally, Ropes Wealth Advisors LLC acquired a new stake in shares of Aptiv during the third quarter worth $195,000. Institutional investors own 90.64% of the company’s stock.
Several brokerages recently issued reports on APTV. Longbow Research set a $110.00 target price on shares of Aptiv and gave the stock a “buy” rating in a research note on Friday, August 24th. Robert W. Baird reissued a “buy” rating and set a $115.00 target price on shares of Aptiv in a research note on Wednesday, August 1st. Cowen set a $112.00 target price on shares of Aptiv and gave the stock a “buy” rating in a research note on Tuesday, July 31st. TheStreet lowered shares of Aptiv from a “b” rating to a “c+” rating in a research note on Wednesday, October 31st. Finally, Wolfe Research began coverage on shares of Aptiv in a research note on Tuesday, October 2nd. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and an average target price of $97.58.
Aptiv stock opened at $75.62 on Friday. Aptiv PLC has a 1-year low of $71.66 and a 1-year high of $103.23. The firm has a market capitalization of $20.47 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.12 and a beta of 1.59. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.14 and a current ratio of 1.54.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Aptiv had a net margin of 7.56% and a return on equity of 37.53%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.41 billion. Aptiv’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts predict 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. Shareholders of record on Wednesday, November 7th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Tuesday, November 6th. Aptiv’s dividend payout ratio (DPR) is 18.97%.
In other Aptiv news, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction on 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 currently owned by company insiders.
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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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