Barings LLC Takes Position in Aptiv PLC (APTV)

Barings LLC acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 88,650 shares of the auto parts company’s stock, valued at approximately $7,520,000.

Several other institutional investors also recently bought and sold shares of APTV. Exxonmobil Investment Management Inc. TX purchased a new stake in shares of Aptiv during the fourth quarter worth $3,586,000. American National Bank purchased a new stake in shares of Aptiv during the fourth quarter worth $3,632,000. Appleton Partners Inc. MA purchased a new stake in shares of Aptiv during the fourth quarter worth $823,000. Nisa Investment Advisors LLC purchased a new position in Aptiv in the fourth quarter valued at $1,857,000. Finally, Bremer Trust National Association purchased a new position in Aptiv in the fourth quarter valued at $1,914,000. 88.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $101.54, for a total transaction of $1,726,180.00. Following the completion of the sale, the director now owns 7,975 shares in the company, valued at $809,781.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Dellaquila bought 500 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $86.50 per share, with a total value of $43,250.00. The disclosure for this purchase can be found here. Insiders have bought 24,000 shares of company stock valued at $2,104,430 in the last quarter. Insiders own 0.31% of the company’s stock.

Several research firms recently commented on APTV. BMO Capital Markets increased their target price on Aptiv to $111.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Buckingham Research increased their target price on Aptiv from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, February 5th. Robert W. Baird reissued a “buy” rating on shares of Aptiv in a report on Friday, February 2nd. Piper Jaffray Companies increased their target price on Aptiv from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Aptiv from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Aptiv currently has an average rating of “Buy” and an average target price of $97.84.

Aptiv PLC (NYSE APTV) opened at $92.69 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. Aptiv PLC has a 12 month low of $61.73 and a 12 month high of $96.91. The stock has a market cap of $24,130.28, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share 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 analyst estimates of $3.31 billion. During the same quarter last year, the company posted $1.83 EPS. Aptiv’s quarterly revenue was up 7.7% on a year-over-year basis. equities research analysts forecast that Aptiv PLC will post 5.15 EPS for the current fiscal year.

The firm also recently announced a Not Available dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were paid a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s dividend payout ratio (DPR) is 17.43%.

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Aptiv 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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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