TIAA CREF Investment Management LLC acquired a new position in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,019,972 shares of the auto parts company’s stock, valued at approximately $256,184,000. TIAA CREF Investment Management LLC owned 1.14% of Aptiv at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Cerebellum GP LLC purchased a new stake in Aptiv during the fourth quarter worth $127,000. Huntington National Bank purchased a new stake in Aptiv during the fourth quarter worth $138,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Aptiv during the fourth quarter worth $144,000. IFP Advisors Inc purchased a new stake in Aptiv during the fourth quarter worth $162,000. Finally, Meeder Asset Management Inc. purchased a new stake in Aptiv during the fourth quarter worth $163,000. 92.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on APTV. BMO Capital Markets reissued a “buy” rating and set a $106.00 price target on shares of Aptiv in a report on Tuesday, March 6th. Citigroup increased their price objective on shares of Aptiv from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 6th. Buckingham Research increased their price objective on shares of Aptiv from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Barclays increased their price objective on shares of Aptiv from $104.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target 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 Zacks’ consensus estimate of $1.33 by ($0.05). The business had revenue of $3.44 billion during 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%. Aptiv’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. sell-side analysts anticipate that Aptiv PLC will post 5.14 EPS for the current fiscal year.
In other news, SVP David Paja sold 6,287 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank J. Dellaquila bought 1,000 shares of Aptiv stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of $83.88 per share, with a total value of $83,880.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by corporate 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.
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