Sandy Spring Bank cut its position in Aptiv PLC (NYSE:APTV) by 76.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 550 shares of the auto parts company’s stock after selling 1,750 shares during the quarter. Sandy Spring Bank’s holdings in Aptiv were worth $48,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. NuWave Investment Management LLC raised its position in shares of Aptiv by 309.1% in the 3rd quarter. NuWave Investment Management LLC now owns 315 shares of the auto parts company’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Aptiv by 30.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 162 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Aptiv during the 2nd quarter worth approximately $63,000. Huntington National Bank increased its position in Aptiv by 25.0% during the 2nd quarter. Huntington National Bank now owns 1,095 shares of the auto parts company’s stock worth $88,000 after purchasing an additional 219 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Aptiv by 377.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,233 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 975 shares in the last quarter. Institutional investors own 95.37% of the company’s stock.
Shares of NYSE APTV opened at $95.27 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.39. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $97.64. The firm has a 50 day moving average price of $88.20 and a two-hundred day moving average price of $81.94. The stock has a market cap of $24.31 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.84 and a beta of 2.03.
Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.27. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Aptiv PLC will post 4.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, November 5th. Aptiv’s dividend payout ratio is currently 16.73%.
In other news, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. Corporate insiders own 0.40% of the company’s stock.
A number of equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Credit Suisse Group reiterated a “buy” rating and set a $95.00 price objective on shares of Aptiv in a research report on Monday. Robert W. Baird upped their price objective on shares of Aptiv from $100.00 to $103.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Guggenheim assumed coverage on shares of Aptiv in a research report on Tuesday, October 15th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Buckingham Research upped their price objective on shares of Aptiv from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and an average target price of $92.65.
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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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