American International Group Inc. acquired a new stake in Aptiv PLC (NYSE:APTV) in the 4th quarter, Holdings Channel reports. The firm acquired 106,659 shares of the auto parts company’s stock, valued at approximately $9,048,000.
Other large investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in shares of Aptiv in the 4th quarter valued at $127,000. Huntington National Bank bought a new stake in shares of Aptiv in the 4th quarter valued at $138,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Aptiv in the 4th quarter valued at $144,000. IFP Advisors Inc bought a new stake in shares of Aptiv in the 4th quarter valued at $162,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Aptiv in the 4th quarter valued at $163,000. Institutional investors own 90.26% of the company’s stock.
In other news, Director Frank J. Dellaquila bought 1,000 shares of Aptiv stock in a transaction dated Friday, December 15th. The stock was purchased at an average price of $83.88 per share, for a total transaction of $83,880.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Paja sold 6,287 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The disclosure for this sale can be found here. In the last quarter, insiders bought 24,000 shares of company stock valued at $2,104,430. Company insiders own 0.31% of the company’s stock.
Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.05). Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the previous year, the company earned $1.83 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts expect that Aptiv PLC will post 5.15 earnings per share for the current year.
The company also recently announced a Not Available dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 2nd. Aptiv’s payout ratio is 23.10%.
Several research firms have recently weighed in on APTV. BMO Capital Markets lifted their price objective on shares of Aptiv to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Buckingham Research boosted their price target on shares of Aptiv from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Barclays boosted their price target on shares of Aptiv from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies boosted their price target on shares of Aptiv from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and a consensus price target of $98.50.
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Aptiv Company Profile
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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