Chicago Equity Partners LLC Increases Stake in Aptiv PLC (APTV)

Chicago Equity Partners LLC grew its holdings in Aptiv PLC (NYSE:APTV) by 280.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,040 shares of the auto parts company’s stock after buying an additional 30,980 shares during the quarter. Chicago Equity Partners LLC’s holdings in Aptiv were worth $3,527,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APTV. Artisan Partners Limited Partnership increased its position in Aptiv by 1.4% in the second quarter. Artisan Partners Limited Partnership now owns 7,955,631 shares of the auto parts company’s stock worth $728,974,000 after purchasing an additional 107,484 shares during the period. Senator Investment Group LP increased its position in Aptiv by 25.0% in the second quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock worth $366,520,000 after purchasing an additional 800,000 shares during the period. Wells Fargo & Company MN increased its position in Aptiv by 10.3% in the second quarter. Wells Fargo & Company MN now owns 3,867,948 shares of the auto parts company’s stock worth $354,420,000 after purchasing an additional 362,531 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in Aptiv by 67.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,069,058 shares of the auto parts company’s stock worth $97,958,000 after purchasing an additional 429,730 shares during the period. Finally, Sei Investments Co. increased its position in Aptiv by 9.4% in the second quarter. Sei Investments Co. now owns 1,055,606 shares of the auto parts company’s stock worth $96,724,000 after purchasing an additional 91,124 shares during the period. Institutional investors own 90.64% of the company’s stock.

In other Aptiv news, Director Frank J. Dellaquila acquired 750 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average price of $89.00 per share, for a total transaction of $66,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.

NYSE:APTV opened at $75.62 on Friday. Aptiv PLC has a fifty-two week low of $71.66 and a fifty-two week high of $103.23. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 1.07. The stock has a market cap of $20.12 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.59.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.41 billion. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts expect that Aptiv PLC will post 5.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, November 6th. Aptiv’s dividend payout ratio (DPR) is presently 18.97%.

Several research firms have recently issued reports on APTV. BMO Capital Markets set a $113.00 target price on Aptiv and gave the stock a “buy” rating in a research report on Wednesday, August 1st. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Barclays boosted their target price on Aptiv from $114.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 1st. Finally, Robert W. Baird restated a “buy” rating and set a $115.00 target price on shares of Aptiv in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $97.58.

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About Aptiv

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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