Luminus Management LLC acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,355 shares of the auto parts company’s stock, valued at approximately $2,066,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Aptiv in the fourth quarter valued at approximately $5,295,000. American National Bank acquired a new stake in Aptiv during the 4th quarter valued at approximately $3,632,000. Augustine Asset Management Inc. acquired a new stake in Aptiv during the 4th quarter valued at approximately $5,854,000. Oakbrook Investments LLC acquired a new stake in Aptiv during the 4th quarter valued at approximately $1,048,000. Finally, Dupont Capital Management Corp acquired a new stake in Aptiv during the 4th quarter valued at approximately $2,841,000. 92.23% of the stock is owned by institutional investors.
In related news, SVP David Paja sold 6,287 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank J. Dellaquila bought 500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $86.50 per share, for a total transaction of $43,250.00. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by corporate insiders.
Aptiv PLC (APTV) opened at $90.90 on Wednesday. The stock has a market capitalization of $24,311.05, a P/E ratio of 14.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.47. Aptiv PLC has a twelve month low of $61.73 and a twelve month high of $96.91. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 1.17.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. Aptiv’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 earnings per share. sell-side analysts anticipate that Aptiv PLC will post 5.14 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. BMO Capital Markets reissued a “buy” rating and set a $106.00 target price on shares of Aptiv in a research report on Tuesday, March 6th. Longbow Research assumed coverage on shares of Aptiv in a research report on Friday, January 5th. They set a “buy” rating and a $105.00 target price for the company. Robert W. Baird reissued a “buy” rating on shares of Aptiv in a research report on Friday, February 2nd. Royal Bank of Canada increased their target price on shares of Aptiv to $110.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Buckingham Research increased their target price on shares of Aptiv from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. Aptiv presently has an average rating of “Buy” and an average target price of $97.95.
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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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