Lateef Investment Management L.P. decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 403,261 shares of the auto parts company’s stock after selling 13,803 shares during the period. Aptiv comprises about 4.4% of Lateef Investment Management L.P.’s holdings, making the stock its 8th largest position. Lateef Investment Management L.P. owned approximately 0.15% of Aptiv worth $34,265,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Cerebellum GP LLC bought a new stake in Aptiv during the fourth quarter worth $127,000. Huntington National Bank bought a new stake in shares of Aptiv in the fourth quarter valued at $138,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Aptiv in the fourth quarter valued at $144,000. Massey Quick Simon & CO. LLC raised its stake in shares of Aptiv by 272.6% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock valued at $147,000 after buying an additional 1,262 shares during the period. Finally, BB&T Investment Services Inc. bought a new stake in shares of Aptiv during the 4th quarter valued at $145,000. 90.00% of the stock is currently owned by institutional investors.
In related news, SVP David Paja sold 6,287 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.
Aptiv stock opened at $97.86 on Thursday. Aptiv PLC has a 52 week low of $95.89 and a 52 week high of $96.60. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.60 and a quick ratio of 1.27. The stock has a market cap of $25.42 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 1.33 and a beta of 1.49.
Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, May 2nd. The auto parts company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.09. Aptiv had a return on equity of 44.95% and a net margin of 8.44%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.35 billion. The firm’s revenue was up 15.5% on a year-over-year basis. equities research analysts predict that Aptiv PLC will post 5.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 23rd. Investors of record on Wednesday, May 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.90%. The ex-dividend date is Tuesday, May 8th. Aptiv’s payout ratio is 18.97%.
A number of analysts recently issued reports on APTV shares. Morgan Stanley boosted their price objective on Aptiv from $64.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, March 22nd. BMO Capital Markets reiterated a “buy” rating and set a $106.00 price objective on shares of Aptiv in a research note on Tuesday, March 6th. Citigroup boosted their price objective on Aptiv from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Barclays decreased their price objective on Aptiv from $114.00 to $113.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 17th. Finally, Royal Bank of Canada boosted their price objective on Aptiv to $110.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $99.00.
Aptiv Company Profile
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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