The Manufacturers Life Insurance Company bought a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, Holdings Channel reports. The fund bought 659,763 shares of the auto parts company’s stock, valued at approximately $55,968,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN purchased a new position in shares of Aptiv during the fourth quarter worth about $257,609,000. First Trust Advisors LP purchased a new position in shares of Aptiv during the fourth quarter worth about $5,838,000. ACG Wealth purchased a new position in shares of Aptiv during the fourth quarter worth about $2,393,000. Keybank National Association OH purchased a new position in shares of Aptiv during the fourth quarter worth about $291,000. Finally, Retirement Systems of Alabama purchased a new position in shares of Aptiv during the fourth quarter worth about $27,971,000. Institutional investors and hedge funds own 90.26% of the company’s stock.
Shares of Aptiv PLC (NYSE APTV) opened at $92.40 on Monday. The company has a market capitalization of $24,563.60, a P/E ratio of 14.81, a PEG ratio of 1.44 and a beta of 1.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59. Aptiv PLC has a 52 week low of $61.73 and a 52 week high of $96.91.
Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.05). The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. Aptiv’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. research analysts expect that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.
The company also recently declared a Not Available dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is 17.43%.
In other news, Director Bernd Wiedemann sold 17,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the sale, the director now owns 7,975 shares of the company’s stock, valued at approximately $809,781.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin P. Clark purchased 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Insiders have bought a total of 24,000 shares of company stock worth $2,104,430 in the last three months. Corporate insiders own 0.31% of the company’s stock.
A number of research firms recently issued reports on APTV. Goldman Sachs Group began coverage on Aptiv in a report on Tuesday, December 5th. They set a “buy” rating and a $57.00 price target on the stock. Royal Bank of Canada initiated coverage on Aptiv in a report on Monday, December 4th. They set an “outperform” rating and a $60.00 price target on the stock. Robert W. Baird initiated coverage on Aptiv in a report on Wednesday, November 22nd. They issued an “outperform” rating and a $61.00 price objective on the stock. Guggenheim initiated coverage on Aptiv in a report on Monday, November 27th. They issued a “buy” rating and a $70.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Aptiv in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $97.84.
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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