Kiwi Wealth Investments Limited Partnership Invests $1.30 Million in Aptiv PLC (APTV)

Kiwi Wealth Investments Limited Partnership purchased a new position in Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,487 shares of the auto parts company’s stock, valued at approximately $1,299,000.

Several other hedge funds have also bought and sold shares of APTV. EP Wealth Advisors LLC grew its holdings in shares of Aptiv by 1.9% in the third quarter. EP Wealth Advisors LLC now owns 118,137 shares of the auto parts company’s stock worth $9,912,000 after acquiring an additional 2,166 shares during the period. Hilltop Holdings Inc. grew its holdings in shares of Aptiv by 20.5% in the third quarter. Hilltop Holdings Inc. now owns 6,049 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 1,030 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Aptiv in the third quarter worth $19,870,000. Lucia Wealth Services LLC bought a new stake in shares of Aptiv in the third quarter worth $1,613,000. Finally, Rampart Investment Management Company LLC grew its holdings in shares of Aptiv by 6.6% in the third quarter. Rampart Investment Management Company LLC now owns 71,081 shares of the auto parts company’s stock worth $252,215,000 after acquiring an additional 4,420 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

NYSE APTV opened at $65.95 on Friday. The stock has a market capitalization of $17.38 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.00 and a beta of 1.58. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 1.14. Aptiv PLC has a twelve month low of $64.89 and a twelve month high of $103.23.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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 firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.41 billion. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts predict that Aptiv PLC will post 5.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, November 6th. Aptiv’s dividend payout ratio (DPR) is 18.97%.

Several analysts recently commented on APTV shares. Macquarie started coverage on Aptiv in a report on Monday, October 8th. They issued an “outperform” rating for the company. TheStreet lowered Aptiv from a “b” rating to a “c+” rating in a report on Wednesday, October 31st. Wolfe Research started coverage on Aptiv in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. Buckingham Research cut their price target on Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Finally, Morgan Stanley cut their price target on Aptiv from $81.00 to $72.00 and set an “underweight” rating for the company in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eighteen have issued a buy rating to the company. Aptiv currently has a consensus rating of “Buy” and a consensus price target of $102.00.

In other Aptiv news, insider Kevin P. Clark acquired 11,310 shares of the company’s stock in a transaction dated Tuesday, December 11th. The stock was purchased at an average price of $67.43 per share, with a total value of $762,633.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

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About Aptiv

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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