SG Americas Securities LLC increased its holdings in Aptiv PLC (NYSE:APTV) by 13.6% during the third quarter, HoldingsChannel reports. The fund owned 67,772 shares of the auto parts company’s stock after acquiring an additional 8,113 shares during the quarter. SG Americas Securities LLC’s holdings in Aptiv were worth $5,925,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of APTV. First Trust Advisors LP raised its holdings in shares of Aptiv by 41.7% in the 1st quarter. First Trust Advisors LP now owns 43,189 shares of the auto parts company’s stock worth $3,433,000 after acquiring an additional 12,705 shares during the last quarter. Davis Rea LTD. increased its stake in Aptiv by 0.9% in the 2nd quarter. Davis Rea LTD. now owns 15,666 shares of the auto parts company’s stock valued at $1,266,000 after buying an additional 141 shares during the last quarter. Douglas Lane & Associates LLC increased its stake in Aptiv by 1.5% in the 2nd quarter. Douglas Lane & Associates LLC now owns 896,284 shares of the auto parts company’s stock valued at $72,447,000 after buying an additional 12,924 shares during the last quarter. Salem Capital Management Inc. increased its stake in Aptiv by 37.6% in the 2nd quarter. Salem Capital Management Inc. now owns 31,610 shares of the auto parts company’s stock valued at $2,555,000 after buying an additional 8,635 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in Aptiv by 23.4% in the 2nd quarter. Retirement Systems of Alabama now owns 377,953 shares of the auto parts company’s stock valued at $30,550,000 after buying an additional 71,669 shares during the last quarter. Institutional investors own 95.37% of the company’s stock.
APTV has been the subject of several analyst reports. Citigroup increased their price objective on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Guggenheim initiated coverage on shares of Aptiv in a research note on Tuesday, October 15th. They issued a “buy” rating and a $98.00 price objective for the company. ValuEngine lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price objective on shares of Aptiv in a research note on Monday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $108.00 price objective (up previously from $99.00) on shares of Aptiv in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.65.
In related news, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. 0.40% of the stock is currently owned by company insiders.
Shares of Aptiv stock traded up $0.39 on Friday, reaching $96.88. 847,016 shares of the company traded hands, compared to its average volume of 1,198,536. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $97.64. The company has a 50 day moving average of $88.33 and a 200 day moving average of $81.97. The firm has a market capitalization of $24.31 billion, a PE ratio of 18.42, a PEG ratio of 1.84 and a beta of 2.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.39 and a quick ratio of 1.04.
Aptiv (NYSE:APTV) last released its earnings results on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.27. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.61 billion. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. As a group, analysts anticipate that Aptiv PLC will post 4.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, November 5th. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.
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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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