Envestnet Asset Management Inc. acquired a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 28,195 shares of the auto parts company’s stock, valued at approximately $2,394,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in APTV. Cerebellum GP LLC purchased a new position in shares of Aptiv in the 4th quarter valued at $127,000. Huntington National Bank purchased a new position in shares of Aptiv in the 4th quarter valued at $138,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Aptiv in the 4th quarter valued at $144,000. BB&T Investment Services Inc. purchased a new position in shares of Aptiv in the 4th quarter valued at $145,000. Finally, IFP Advisors Inc purchased a new position in shares of Aptiv in the 4th quarter valued at $162,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
A number of research analysts recently commented on the stock. BMO Capital Markets dropped their target price on shares of Aptiv to $96.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Berenberg Bank raised shares of Aptiv from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Wednesday. Robert W. Baird reaffirmed a “buy” rating on shares of Aptiv in a research report on Friday, February 2nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $104.00 target price on shares of Aptiv in a research report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $98.86.
Aptiv (NYSE:APTV) last issued its quarterly earnings data 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 business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. research analysts forecast that Aptiv PLC will post 5.14 EPS for the current year.
In other Aptiv news, SVP David Paja sold 6,287 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $43,250.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.
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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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