Chartwell Investment Partners LLC acquired a new position in Aptiv PLC (NYSE:APTV) in the 4th quarter, HoldingsChannel reports. The firm acquired 14,420 shares of the auto parts company’s stock, valued at approximately $1,223,000.
Several other institutional investors have also added to or reduced their stakes in APTV. Cerebellum GP LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $127,000. Huntington National Bank acquired a new stake in shares of Aptiv in the fourth quarter worth $138,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Aptiv in the fourth quarter worth $144,000. IFP Advisors Inc acquired a new stake in shares of Aptiv in the fourth quarter worth $162,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Aptiv in the fourth quarter worth $163,000. 90.26% of the stock is owned by institutional investors.
Aptiv PLC (NYSE:APTV) opened at $92.34 on Wednesday. The firm has a market cap of $24,563.60, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.44 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 fifty-two week low of $61.73 and a fifty-two week high of $96.91.
The business also recently disclosed a Not Available dividend, which was paid on Wednesday, February 14th. Shareholders of record on Monday, February 5th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s dividend payout ratio is currently 17.43%.
In related news, Director Frank J. Dellaquila acquired 1,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was bought at an average cost of $83.88 per share, with a total value of $83,880.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 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 transaction, the director now directly owns 7,975 shares of the company’s stock, valued at $809,781.50. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 24,000 shares of company stock valued at $2,104,430. 0.31% of the stock is owned by company insiders.
APTV has been the subject of several recent research reports. UBS Group initiated coverage on shares of Aptiv in a research report on Wednesday, December 6th. They issued a “neutral” rating for the company. Barclays reissued a “buy” rating and issued a $104.00 price objective on shares of Aptiv in a research report on Sunday, January 21st. Evercore ISI began coverage on shares of Aptiv in a report on Wednesday, December 13th. They set an “outperform” rating and a $92.00 price target for the company. Robert W. Baird reaffirmed a “buy” rating and set a $104.00 price target on shares of Aptiv in a report on Tuesday, January 9th. Finally, BMO Capital Markets raised their price target on shares of Aptiv to $111.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $98.50.
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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