Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Aptiv PLC (NYSE:APTV) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 82,942 shares of the auto parts company’s stock, valued at approximately $5,585,000.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Aptiv during the fourth quarter worth $127,000. Huntington National Bank purchased a new stake in shares of Aptiv during the fourth quarter worth $138,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Aptiv during the fourth quarter worth $144,000. IFP Advisors Inc purchased a new stake in shares of Aptiv during the fourth quarter worth $162,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Aptiv during the fourth quarter worth $163,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.
APTV stock opened at $87.85 on Wednesday. The company has a market capitalization of $23,364.66, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.27 and a beta of 1.47. The company has a quick ratio of 1.29, a current ratio of 1.59 and a debt-to-equity ratio of 1.17. Aptiv PLC has a twelve month low of $61.73 and a twelve month high of $96.91.
Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 1st. The auto parts company reported $1.28 earnings per share (EPS) 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 company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The business’s revenue was up 7.7% on a year-over-year basis. equities analysts expect that Aptiv PLC will post 5.14 EPS for the current fiscal year.
In related news, Director Frank J. Dellaquila acquired 500 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average price of $86.50 per share, for a total transaction of $43,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David Paja sold 6,287 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $92.08, for a total transaction of $578,906.96. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.
A number of analysts have recently weighed in on APTV shares. Robert W. Baird started coverage on Aptiv in a research report on Wednesday, November 22nd. They set an “outperform” rating and a $61.00 price objective on the stock. Guggenheim started coverage on Aptiv in a research report on Monday, November 27th. They set a “buy” rating and a $70.00 price objective on the stock. Royal Bank of Canada started coverage on Aptiv in a research report on Monday, December 4th. They set an “outperform” rating and a $60.00 price objective on the stock. Goldman Sachs started coverage on Aptiv in a research report on Tuesday, December 5th. They set a “buy” rating and a $57.00 price objective on the stock. Finally, Morgan Stanley started coverage on Aptiv in a research report on Tuesday, December 5th. They set an “underweight” rating and a $64.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. Aptiv has an average rating of “Buy” and an average price target of $98.43.
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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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