Bank of Montreal Can Takes $52.67 Million Position in Aptiv PLC (APTV)

Bank of Montreal Can purchased a new stake in Aptiv PLC (NYSE:APTV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 620,834 shares of the auto parts company’s stock, valued at approximately $52,667,000. Bank of Montreal Can owned approximately 0.23% of Aptiv as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vontobel Asset Management Inc. acquired a new position in shares of Aptiv during the fourth quarter worth approximately $65,345,000. American National Bank bought a new stake in shares of Aptiv during the fourth quarter worth approximately $3,632,000. Exxonmobil Investment Management Inc. TX bought a new stake in shares of Aptiv during the fourth quarter worth approximately $3,586,000. Bremer Trust National Association bought a new stake in shares of Aptiv during the fourth quarter worth approximately $1,914,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Aptiv during the fourth quarter worth approximately $1,857,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

In other Aptiv news, Director Frank J. Dellaquila purchased 1,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $83.88 per share, with a total value of $83,880.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernd Wiedemann sold 17,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $809,781.50. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.

Several equities research analysts have commented on the stock. Bank of America raised shares of Aptiv from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Monday, November 20th. Guggenheim assumed coverage on shares of Aptiv in a research note on Monday, November 27th. They issued a “buy” rating and a $70.00 target price for the company. Jefferies Group reaffirmed a “buy” rating and issued a $118.00 target price on shares of Aptiv in a research note on Tuesday, October 31st. Barclays set a $114.00 target price on shares of Aptiv and gave the company a “buy” rating in a research note on Friday, October 20th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Aptiv in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Aptiv has a consensus rating of “Buy” and an average target price of $97.84.

Shares of Aptiv PLC (APTV) traded down $0.78 during mid-day trading on Friday, reaching $88.56. 3,250,000 shares of the company’s stock were exchanged, compared to its average volume of 2,150,000. The firm has a market capitalization of $23,540.00, a PE ratio of 23.24, a P/E/G ratio of 1.38 and a beta of 1.48. 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 12-month low of $73.00 and a 12-month high of $96.91.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 1st. The auto parts company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.27% and a return on equity of 50.01%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 EPS. research analysts expect that Aptiv PLC will post 5.15 EPS for the current fiscal year.

The business also recently disclosed a Not Available dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th will be given a $0.22 dividend. The ex-dividend date is Friday, February 2nd. Aptiv’s payout ratio is presently 23.10%.

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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.

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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