Millie Capital Management LLC Purchases New Stake in Aptiv PLC (APTV)
Millie Capital Management LLC purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,769 shares of the auto parts company’s stock, valued at approximately $1,507,000.
A number of other large investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. bought a new position in Aptiv during the fourth quarter worth about $5,120,000. Longview Partners Guernsey LTD bought a new position in Aptiv during the fourth quarter worth about $378,094,000. California Public Employees Retirement System bought a new position in Aptiv during the fourth quarter worth about $60,401,000. M&T Bank Corp bought a new position in Aptiv during the fourth quarter worth about $4,830,000. Finally, BP PLC bought a new position in Aptiv during the fourth quarter worth about $13,827,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aptiv PLC (NYSE APTV) opened at $89.27 on Friday. The stock has a market cap of $24,906.53, a P/E ratio of 17.68, a P/E/G ratio of 1.46 and a beta of 1.49. The company has a current ratio of 1.59, a quick ratio of 1.29 and a debt-to-equity ratio of 1.17. Aptiv PLC has a 1-year low of $61.71 and a 1-year high of $96.91.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, February 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, February 2nd. Aptiv’s dividend payout ratio is presently 17.43%.
In other Aptiv news, insider Kevin P. Clark bought 22,500 shares of the business’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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank J. Dellaquila bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $83.88 per share, for a total transaction of $83,880.00. The disclosure for this purchase can be found here. 0.31% of the stock is owned by company insiders.
Several equities analysts have commented on the stock. UBS Group assumed coverage on shares of Aptiv in a report on Wednesday, December 6th. They issued a “neutral” rating on the stock. Barclays reissued a “buy” rating and issued a $104.00 target price on shares of Aptiv in a report on Sunday, January 21st. Evercore ISI assumed coverage on shares of Aptiv in a report on Wednesday, December 13th. They issued an “outperform” rating and a $92.00 target price on the stock. Robert W. Baird reissued a “buy” rating and issued a $104.00 target price on shares of Aptiv in a report on Tuesday, January 9th. Finally, BMO Capital Markets raised their target price on shares of Aptiv to $111.00 and gave the company an “outperform” rating in a report on Wednesday. Two investment 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. The company currently has a consensus rating of “Buy” and a consensus target price of $97.84.
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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