10,991 Shares in Aptiv PLC (APTV) Purchased by Stevens Capital Management LP

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Stevens Capital Management LP acquired a new position in shares of Aptiv PLC (NYSE:APTV) in the third quarter, Holdings Channel reports. The institutional investor acquired 10,991 shares of the auto parts company’s stock, valued at approximately $922,000.

Several other large investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its holdings in shares of Aptiv by 1.4% during the second quarter. Artisan Partners Limited Partnership now owns 7,955,631 shares of the auto parts company’s stock worth $728,974,000 after acquiring an additional 107,484 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Aptiv by 8.7% during the third quarter. Alliancebernstein L.P. now owns 4,824,401 shares of the auto parts company’s stock worth $404,768,000 after acquiring an additional 386,098 shares during the period. Senator Investment Group LP boosted its holdings in shares of Aptiv by 25.0% during the second quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock worth $366,520,000 after acquiring an additional 800,000 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Aptiv by 3.0% during the third quarter. Wells Fargo & Company MN now owns 3,984,149 shares of the auto parts company’s stock worth $334,269,000 after acquiring an additional 116,201 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Aptiv by 3.6% during the third quarter. Franklin Resources Inc. now owns 3,407,256 shares of the auto parts company’s stock worth $285,871,000 after acquiring an additional 117,633 shares during the period. Institutional investors own 93.34% of the company’s stock.

In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is owned by insiders.

A number of brokerages have recently issued reports on APTV. Jefferies Financial Group began coverage on Aptiv in a report on Tuesday. They set a “buy” rating and a $100.00 price objective for the company. Zacks Investment Research downgraded shares of Aptiv from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Morgan Stanley dropped their price target on shares of Aptiv from $81.00 to $72.00 and set an “underweight” rating for the company in a research report on Wednesday, November 14th. Citigroup dropped their price target on shares of Aptiv from $99.00 to $93.00 and set a “buy” rating for the company in a research report on Friday, November 2nd. Finally, TheStreet downgraded shares of Aptiv from a “b” rating to a “c+” rating in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have issued a buy rating to the stock. Aptiv currently has an average rating of “Buy” and an average target price of $101.82.

NYSE APTV opened at $67.09 on Friday. 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 1-year low of $66.94 and a 1-year high of $103.23. The company has a market capitalization of $18.41 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.06 and a beta of 1.58.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, October 31st. The auto parts company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Aptiv had a net margin of 7.56% and a return on equity of 37.53%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.41 billion. Aptiv’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 5.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.88 annualized dividend and a yield of 1.31%. Aptiv’s dividend payout ratio is currently 18.97%.

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Aptiv 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.

See Also: Balanced Fund

Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV).

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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