BlackRock Inc. bought a new position in shares of Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,083,916 shares of the auto parts company’s stock, valued at approximately $1,534,060,000. BlackRock Inc. owned approximately 6.80% of Aptiv as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in Aptiv in the fourth quarter valued at approximately $127,000. Huntington National Bank acquired a new stake in Aptiv in the fourth quarter valued at approximately $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Aptiv in the fourth quarter valued at approximately $144,000. IFP Advisors Inc acquired a new stake in Aptiv in the fourth quarter valued at approximately $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in Aptiv in the fourth quarter valued at approximately $163,000. 89.86% of the stock is owned by hedge funds and other institutional investors.
APTV has been the subject of several recent research reports. Guggenheim initiated coverage on shares of Aptiv in a research report on Monday, November 27th. They issued a “buy” rating and a $70.00 price objective for the company. Jefferies Group set a $100.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada initiated coverage on shares of Aptiv in a research report on Monday, December 4th. They issued an “outperform” rating and a $60.00 price objective for the company. Evercore ISI initiated coverage on shares of Aptiv in a research report on Wednesday, December 13th. They issued an “outperform” rating and a $92.00 price objective for the company. Finally, Deutsche Bank initiated coverage on shares of Aptiv in a research report on Wednesday, December 6th. They issued a “hold” rating and a $86.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and an average price target of $97.95.
Aptiv PLC (NYSE APTV) opened at $89.95 on Wednesday. Aptiv PLC has a one year low of $61.73 and a one year high of $96.91. The stock has a market capitalization of $23,611.89, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.29 and a current ratio of 1.59.
Aptiv (NYSE:APTV) last announced 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 firm had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts predict that Aptiv PLC will post 5.15 EPS for the current fiscal year.
The company also recently disclosed a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is presently 17.43%.
In related news, Director Frank J. Dellaquila bought 500 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $86.50 per share, with a total value of $43,250.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank J. Dellaquila bought 1,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by company insiders.
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.