Oakbrook Investments LLC bought a new position in shares of Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel.com reports. The fund bought 12,350 shares of the auto parts company’s stock, valued at approximately $1,048,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APTV. Schwab Charles Investment Management Inc. acquired a new stake in Aptiv during the fourth quarter worth approximately $80,964,000. Vontobel Asset Management Inc. acquired a new stake in Aptiv during the fourth quarter worth approximately $65,345,000. Bank of Montreal Can acquired a new stake in Aptiv during the fourth quarter worth approximately $52,667,000. Stralem & Co. Inc. acquired a new stake in Aptiv during the fourth quarter worth approximately $20,923,000. Finally, American National Bank acquired a new stake in Aptiv during the fourth quarter worth approximately $3,632,000. 90.89% of the stock is owned by institutional investors and hedge funds.
In other news, Director Bernd Wiedemann sold 17,000 shares of the firm’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 value of $1,726,180.00. Following the transaction, the director now owns 7,975 shares in the company, valued at $809,781.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin P. Clark bought 22,500 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by company insiders.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, November 2nd. The auto parts company reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.10. Aptiv had a return on equity of 57.92% and a net margin of 8.00%. The firm had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities research analysts expect that Aptiv PLC will post 4.72 EPS for the current fiscal year.
The company also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be paid a $0.22 dividend. The ex-dividend date is Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is presently 29.04%.
Several equities research analysts recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $128.00 target price (up previously from $110.00) on shares of Aptiv in a research note on Thursday, September 28th. They noted that the move was a valuation call. Wells Fargo & Co raised their target price on Aptiv from $105.00 to $109.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Longbow Research assumed coverage on Aptiv in a research note on Friday, January 5th. They set a “buy” rating and a $105.00 target price for the company. Guggenheim reaffirmed a “buy” rating and set a $104.00 target price on shares of Aptiv in a research note on Wednesday, January 10th. Finally, UBS Group reaffirmed a “buy” rating and set a $102.00 target price on shares of Aptiv in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $93.43.
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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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