Longview Partners Guernsey LTD bought a new position in Aptiv PLC (NYSE:APTV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,457,084 shares of the auto parts company’s stock, valued at approximately $378,094,000. Aptiv makes up about 2.0% of Longview Partners Guernsey LTD’s holdings, making the stock its 21st biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Aptiv during the 4th quarter valued at $127,000. Huntington National Bank bought a new position in shares of Aptiv during the 4th quarter valued at $138,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Aptiv during the 4th quarter valued at $144,000. IFP Advisors Inc bought a new position in shares of Aptiv during the 4th quarter valued at $162,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Aptiv during the 4th quarter valued at $163,000. Institutional investors own 90.88% of the company’s stock.

Shares of Aptiv PLC (NYSE:APTV) opened at $89.27 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. The stock has a market cap of $24,906.53, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. Aptiv PLC has a 12-month low of $61.71 and a 12-month high of $96.91.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.05). The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. Aptiv had a return on equity of 50.01% and a net margin of 8.27%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share. sell-side analysts predict that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.

The business also recently declared a Not Available dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s dividend payout ratio is 17.43%.

In related news, insider Kevin P. Clark purchased 22,500 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $87.88 per share, for a total transaction of $1,977,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was 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 disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

A number of research analysts have recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Aptiv to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, January 2nd. They noted that the move was a valuation call. UBS Group assumed coverage on shares of Aptiv in a report on Wednesday, December 6th. They set a “neutral” rating on the stock. Guggenheim restated a “buy” rating and set a $104.00 price target on shares of Aptiv in a report on Wednesday, January 10th. Robert W. Baird restated a “buy” rating on shares of Aptiv in a report on Friday, February 2nd. Finally, Piper Jaffray Companies raised their price target on shares of Aptiv from $105.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Aptiv has a consensus rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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