Stoneridge Investment Partners LLC acquired a new stake in Aptiv PLC (NYSE:APTV) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,417 shares of the auto parts company’s stock, valued at approximately $1,713,000.
A number of other large investors also recently added to or reduced their stakes in APTV. Jane Street Group LLC raised its position in Aptiv by 106.0% in the first quarter. Jane Street Group LLC now owns 2,760 shares of the auto parts company’s stock valued at $235,000 after purchasing an additional 48,810 shares during the period. CIBC World Markets Inc. purchased a new position in Aptiv in the first quarter valued at about $380,000. Fulton Bank N.A. raised its position in Aptiv by 13.4% in the second quarter. Fulton Bank N.A. now owns 9,604 shares of the auto parts company’s stock valued at $880,000 after purchasing an additional 1,136 shares during the period. State of Alaska Department of Revenue raised its position in Aptiv by 23.1% in the second quarter. State of Alaska Department of Revenue now owns 43,471 shares of the auto parts company’s stock valued at $3,982,000 after purchasing an additional 8,166 shares during the period. Finally, Winfield Associates Inc. raised its position in Aptiv by 10.0% in the second quarter. Winfield Associates Inc. now owns 10,975 shares of the auto parts company’s stock valued at $1,006,000 after purchasing an additional 1,000 shares during the period. 90.92% of the stock is currently owned by institutional investors.
Several research firms have commented on APTV. Robert W. Baird reissued a “buy” rating and issued a $115.00 price objective on shares of Aptiv in a research report on Wednesday, August 1st. Cowen reissued a “buy” rating and issued a $109.00 price objective on shares of Aptiv in a research report on Friday, July 20th. Longbow Research set a $110.00 price objective on Aptiv and gave the company a “buy” rating in a research report on Tuesday, July 31st. Macquarie began coverage on Aptiv in a research note on Monday, October 8th. They set an “outperform” rating for the company. Finally, BMO Capital Markets set a $113.00 target price on Aptiv and gave the company a “buy” rating in a research note on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $98.32.
NYSE:APTV opened at $76.80 on Thursday. The stock has a market capitalization of $19.54 billion, a P/E ratio of 16.55, a PEG ratio of 1.04 and a beta of 1.57. Aptiv PLC has a one year low of $71.66 and a one year high of $103.23. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.55 and a quick ratio of 1.19.
Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.04. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.41 billion. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. Aptiv’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts predict that Aptiv PLC will post 5.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, November 6th. This represents a $0.88 dividend on an annualized basis and a yield of 1.15%. Aptiv’s dividend payout ratio (DPR) is 18.97%.
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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