Bremer Trust National Association bought a new position in shares of Aptiv PLC (NYSE:APTV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,553 shares of the auto parts company’s stock, valued at approximately $1,914,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. American National Bank bought a new position in Aptiv during the fourth quarter worth $3,632,000. Exxonmobil Investment Management Inc. TX bought a new position in Aptiv during the fourth quarter worth $3,586,000. Nisa Investment Advisors LLC bought a new position in Aptiv during the fourth quarter worth $1,857,000. Finally, Appleton Partners Inc. MA bought a new position in Aptiv during the fourth quarter worth $823,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total value of $1,726,180.00. Following the completion of the sale, the director now owns 7,975 shares in the company, valued at $809,781.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin P. Clark bought 22,500 shares of the stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. Corporate insiders own 0.31% of the company’s stock.
Shares of Aptiv PLC (NYSE APTV) traded up $0.85 during mid-day trading on Friday, hitting $92.91. 1,401,989 shares of the stock traded hands, compared to its average volume of 1,923,944. The stock has a market capitalization of $24,700.00, a P/E ratio of 18.11, a P/E/G ratio of 1.64 and a beta of 1.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.22 and a current ratio of 1.62. Aptiv PLC has a 52 week low of $58.02 and a 52 week high of $93.69.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.10. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.10 billion. Aptiv had a net margin of 8.00% and a return on equity of 57.92%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. equities research analysts predict that Aptiv PLC will post 4.74 earnings per share for the current year.
The company also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be issued a $0.22 dividend. The ex-dividend date is Friday, February 2nd. Aptiv’s dividend payout ratio is currently 29.04%.
APTV has been the topic of several research analyst reports. Royal Bank of Canada reissued a “buy” rating on shares of Aptiv in a research note on Friday, November 3rd. Goldman Sachs Group started coverage on shares of Aptiv in a report on Tuesday, December 5th. They set a “buy” rating and a $57.00 price objective on the stock. Bank of America upgraded shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Monday, November 20th. Robert W. Baird lowered their price objective on shares of Aptiv from $131.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, Barclays set a $114.00 price objective on shares of Aptiv and gave the stock a “buy” rating in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $93.43.
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Aptiv Company Profile
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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