Alliancebernstein L.P. Acquires New Holdings in Aptiv PLC (APTV)
Alliancebernstein L.P. acquired a new position in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,912,957 shares of the auto parts company’s stock, valued at approximately $331,936,000.
Several other institutional investors have also recently added to or reduced their stakes in APTV. Cerebellum GP LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at about $127,000. Huntington National Bank acquired a new stake in shares of Aptiv in the fourth quarter valued at about $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Aptiv in the fourth quarter valued at about $144,000. IFP Advisors Inc acquired a new stake in shares of Aptiv in the fourth quarter valued at about $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Aptiv in the fourth quarter valued at about $163,000. Institutional investors own 90.26% of the company’s stock.
A number of research firms have recently issued reports on APTV. Citigroup increased their target price on Aptiv from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. BMO Capital Markets increased their target price on Aptiv to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research upgraded Aptiv from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Buckingham Research increased their target price on Aptiv from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Barclays increased their target price on Aptiv from $104.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Aptiv currently has an average rating of “Buy” and an average price target of $98.20.
Aptiv (NYSE:APTV) last issued its earnings results 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). The firm 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%. Aptiv’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 EPS. equities research analysts forecast that Aptiv PLC will post 5.15 earnings per share for the current year.
The company also recently announced a Not Available dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a $0.22 dividend. The ex-dividend date was Friday, February 2nd. Aptiv’s payout ratio is 23.10%.
In other news, Director Frank J. Dellaquila bought 1,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $83.88 per share, for a total transaction of $83,880.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kevin P. Clark bought 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average price of $87.88 per share, with a total value of $1,977,300.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 24,000 shares of company stock valued at $2,104,430. Insiders own 0.31% of the company’s stock.
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.
Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV).
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.