BB&T Securities LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 87,046 shares of the auto parts company’s stock, valued at approximately $7,384,000.
Other large investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Aptiv in the fourth quarter valued at about $127,000. Huntington National Bank acquired a new position in shares of Aptiv in the 4th quarter valued at $138,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Aptiv during the 4th quarter valued at $144,000. IFP Advisors Inc acquired a new position in shares of Aptiv during the 4th quarter valued at $162,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Aptiv during the 4th quarter valued at $163,000. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Frank J. Dellaquila purchased 500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $86.50 per share, with a total value of $43,250.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $578,906.96. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.
APTV has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Wednesday, April 4th. Berenberg Bank raised shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Longbow Research reissued a “buy” rating and set a $110.00 target price on shares of Aptiv in a research note on Tuesday, March 27th. Morgan Stanley boosted their price target on shares of Aptiv from $64.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, March 22nd. Finally, Susquehanna Bancshares set a $108.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research note on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $98.86.
APTV traded up $0.46 on Thursday, hitting $85.86. 970,608 shares of the stock were exchanged, compared to its average volume of 1,751,343. Aptiv PLC has a 12 month low of $61.73 and a 12 month high of $96.91. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $22,870.20, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.25 and a beta of 1.49.
Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a net margin of 8.27% and a return on equity of 50.01%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.83 EPS. sell-side analysts anticipate that Aptiv PLC will post 5.14 EPS for the current fiscal year.
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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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