ETRADE Capital Management LLC bought a new stake in Aptiv PLC (NYSE:APTV) in the fourth quarter, Holdings Channel reports. The firm bought 6,832 shares of the auto parts company’s stock, valued at approximately $580,000.
Several other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Aptiv in the fourth quarter valued at about $5,295,000. American National Bank acquired a new position in Aptiv in the fourth quarter valued at about $3,632,000. Augustine Asset Management Inc. acquired a new position in Aptiv in the fourth quarter valued at about $5,854,000. Oakbrook Investments LLC acquired a new position in Aptiv in the fourth quarter valued at about $1,048,000. Finally, Dupont Capital Management Corp acquired a new position in Aptiv in the fourth quarter valued at about $2,841,000. 92.23% of the stock is owned by institutional investors.
A number of research firms recently commented on APTV. BMO Capital Markets dropped their price target on Aptiv to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. UBS Group began coverage on Aptiv in a research note on Wednesday, December 6th. They issued a “neutral” rating for the company. Robert W. Baird reaffirmed a “buy” rating on shares of Aptiv in a research note on Friday, February 2nd. Piper Jaffray Companies set a $105.00 price target on Aptiv and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $104.00 price target on shares of Aptiv in a research note on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $97.95.
Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.05). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. sell-side analysts forecast that Aptiv PLC will post 5.15 EPS for the current year.
In other news, Director Frank J. Dellaquila purchased 500 shares of Aptiv stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $86.50 per share, for a total transaction of $43,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank J. Dellaquila purchased 1,000 shares of Aptiv stock in a transaction dated Friday, December 15th. The shares were purchased at an average price 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 currently owned by insiders.
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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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