Canada Pension Plan Investment Board lessened its stake in Aptiv PLC (NYSE:APTV) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 780,505 shares of the auto parts company’s stock after selling 237,160 shares during the period. Canada Pension Plan Investment Board’s holdings in Aptiv were worth $65,484,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of APTV. Bank of Hawaii increased its position in Aptiv by 54.9% during the 3rd quarter. Bank of Hawaii now owns 5,925 shares of the auto parts company’s stock worth $497,000 after purchasing an additional 2,100 shares during the period. American International Group Inc. increased its position in Aptiv by 5.1% during the 3rd quarter. American International Group Inc. now owns 111,125 shares of the auto parts company’s stock worth $9,323,000 after purchasing an additional 5,387 shares during the period. Massmutual Trust Co. FSB ADV increased its position in Aptiv by 6.3% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 19,651 shares of the auto parts company’s stock worth $1,649,000 after purchasing an additional 1,161 shares during the period. Todd Asset Management LLC increased its position in Aptiv by 15.1% during the 3rd quarter. Todd Asset Management LLC now owns 755,475 shares of the auto parts company’s stock worth $63,384,000 after purchasing an additional 99,010 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Aptiv by 12.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 49,337 shares of the auto parts company’s stock worth $4,138,000 after purchasing an additional 5,396 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.
In related news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, November 6th. Aptiv’s payout ratio is currently 18.97%.
Several equities analysts have issued reports on the company. Longbow Research set a $110.00 target price on Aptiv and gave the stock a “buy” rating in a research report on Friday, August 24th. Robert W. Baird reiterated a “buy” rating and set a $115.00 target price on shares of Aptiv in a research report on Wednesday, August 1st. Cowen set a $112.00 target price on Aptiv and gave the stock a “buy” rating in a research report on Tuesday, July 31st. TheStreet cut Aptiv from a “b” rating to a “c+” rating in a research report on Wednesday, October 31st. Finally, Wolfe Research assumed coverage on Aptiv in a research report on Tuesday, October 2nd. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $97.11.
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Aptiv Company Profile
Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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