LS Investment Advisors LLC Takes $958,000 Position in Aptiv PLC (APTV)
LS Investment Advisors LLC acquired a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 11,293 shares of the auto parts company’s stock, valued at approximately $958,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Aptiv in the fourth quarter valued at about $5,295,000. American National Bank purchased a new position in shares of Aptiv in the fourth quarter valued at about $3,632,000. Oakbrook Investments LLC purchased a new position in shares of Aptiv in the fourth quarter valued at about $1,048,000. Augustine Asset Management Inc. purchased a new position in shares of Aptiv in the fourth quarter valued at about $5,854,000. Finally, Stralem & Co. Inc. purchased a new position in shares of Aptiv in the fourth quarter valued at about $20,923,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.
In other Aptiv news, Director Frank J. Dellaquila acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $83.88 per share, with a total value of $83,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin P. Clark acquired 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The disclosure for this purchase can be found here. Insiders have purchased 24,000 shares of company stock worth $2,104,430 in the last three months. 0.31% of the stock is currently owned by insiders.
Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.05). Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the firm earned $1.83 EPS. The company’s revenue was up 7.7% on a year-over-year basis. analysts expect that Aptiv PLC will post 5.15 EPS for the current fiscal year.
The firm also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s payout ratio is currently 17.43%.
Several equities analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Aptiv in a research report on Monday, November 27th. They set a “buy” rating and a $70.00 price target on the stock. Jefferies Group set a $100.00 price target on shares of Aptiv and gave the company a “buy” rating in a research report on Monday, December 18th. Royal Bank of Canada assumed coverage on shares of Aptiv in a research report on Monday, December 4th. They set an “outperform” rating and a $60.00 price target on the stock. Barclays set a $114.00 price target on shares of Aptiv and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Citigroup boosted their price target on shares of Aptiv from $115.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $97.84.
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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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