Traders Purchase Large Volume of Put Options on Aptiv (APTV)

Aptiv PLC (NYSE:APTV) saw unusually large options trading on Wednesday. Stock investors purchased 3,109 put options on the company. This represents an increase of approximately 1,060% compared to the average volume of 268 put options.

A number of equities analysts have issued reports on the company. Buckingham Research increased their price target on Aptiv from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Robert W. Baird reiterated a “buy” rating on shares of Aptiv in a research report on Friday, February 2nd. BMO Capital Markets increased their price target on Aptiv to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Longbow Research assumed coverage on Aptiv in a research report on Friday, January 5th. They set a “buy” rating and a $105.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on Aptiv to $110.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.50.

In other Aptiv news, SVP David Paja sold 6,287 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total transaction of $578,906.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bernd Wiedemann sold 17,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $101.54, for a total value of $1,726,180.00. Following the transaction, the director now owns 7,975 shares in the company, valued at approximately $809,781.50. The disclosure for this sale can be found here. Insiders have acquired 24,000 shares of company stock worth $2,104,430 in the last quarter. 0.31% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Cerebellum GP LLC purchased a new position in Aptiv during the fourth quarter worth approximately $127,000. Huntington National Bank purchased a new position in Aptiv during the fourth quarter worth approximately $138,000. Northwestern Mutual Wealth Management Co. purchased a new position in Aptiv during the fourth quarter worth approximately $144,000. BB&T Investment Services Inc. purchased a new position in Aptiv during the fourth quarter worth approximately $145,000. Finally, IFP Advisors Inc purchased a new position in Aptiv during the fourth quarter worth approximately $162,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Aptiv (APTV) opened at $92.55 on Thursday. The firm has a market capitalization of $24,547.65, a P/E ratio of 18.33, a PEG ratio of 1.44 and a beta of 1.49. Aptiv has a 1 year low of $61.73 and a 1 year high of $96.91. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.59 and a quick ratio of 1.29.

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

The business also recently disclosed a Not Available dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.22 per share. The ex-dividend date was Friday, February 2nd. Aptiv’s payout ratio is 17.43%.

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About Aptiv

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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