SG Americas Securities LLC lifted its stake in Aptiv PLC (NYSE:APTV) by 13.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. 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 large investors also recently added to or reduced their stakes in APTV. Price T Rowe Associates Inc. MD boosted its holdings in shares of Aptiv by 6.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock worth $3,660,817,000 after acquiring an additional 2,805,856 shares during the period. Generation Investment Management LLP boosted its holdings in shares of Aptiv by 34.0% during the second quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock worth $457,477,000 after acquiring an additional 1,437,306 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Aptiv by 0.9% during the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock worth $365,003,000 after acquiring an additional 41,542 shares during the period. Invesco Ltd. boosted its holdings in shares of Aptiv by 11.5% during the second quarter. Invesco Ltd. now owns 3,821,137 shares of the auto parts company’s stock worth $308,864,000 after acquiring an additional 395,530 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Aptiv by 1.0% during the second quarter. Northern Trust Corp now owns 3,025,128 shares of the auto parts company’s stock worth $244,521,000 after acquiring an additional 30,177 shares during the period. 95.37% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Aptiv from $63.00 to $62.00 and set an “underweight” rating for the company in a report on Wednesday, September 25th. Zacks Investment Research downgraded shares of Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price target for the company. in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $93.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. UBS Group lifted their price target on shares of Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Buckingham Research lifted their price target on shares of Aptiv from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $92.65.
APTV traded up $0.39 during trading on Friday, hitting $96.88. 847,016 shares of the stock traded hands, compared to its average volume of 1,198,536. Aptiv PLC has a twelve month low of $58.80 and a twelve month high of $97.64. The company has a market cap of $24.31 billion, a price-to-earnings 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. The business has a 50 day moving average price of $88.33 and a 200 day moving average price of $81.97.
Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. Aptiv had a net margin of 6.99% and a return on equity of 34.88%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities research analysts predict that Aptiv PLC will post 4.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.88 annualized dividend and a yield of 0.91%. Aptiv’s dividend payout ratio is currently 16.73%.
In other news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $89.56, for a total transaction of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction 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 owned by insiders.
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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