4,766 Shares in Aptiv PLC (APTV) Acquired by DF Dent & Co. Inc.
DF Dent & Co. Inc. bought a new stake in Aptiv PLC (NYSE:APTV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,766 shares of the auto parts company’s stock, valued at approximately $404,000.
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in Aptiv in the fourth quarter valued at approximately $127,000. Huntington National Bank acquired a new stake in Aptiv in the fourth quarter valued at approximately $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Aptiv in the fourth quarter valued at approximately $144,000. IFP Advisors Inc acquired a new stake in Aptiv in the fourth quarter valued at approximately $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in Aptiv in the fourth quarter valued at approximately $163,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP David Paja sold 6,287 shares of Aptiv stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total value of $578,906.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank J. Dellaquila acquired 500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $86.50 per share, for a total transaction of $43,250.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.05). The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.83 earnings per share. research analysts predict that Aptiv PLC will post 5.14 EPS for the current year.
Several analysts recently weighed in on the stock. Susquehanna Bancshares set a $108.00 target price on shares of Aptiv and gave the company a “buy” rating in a report on Wednesday, March 14th. BMO Capital Markets reissued a “buy” rating and set a $106.00 price objective on shares of Aptiv in a report on Tuesday, March 6th. Citigroup raised their price objective on shares of Aptiv from $100.00 to $110.00 and gave the stock 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. Finally, Buckingham Research raised their price objective on shares of Aptiv from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $98.43.
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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