Roosevelt Investment Group Inc. decreased its holdings in Aptiv PLC (NYSE:APTV) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 121,049 shares of the auto parts company’s stock after selling 39,308 shares during the period. Roosevelt Investment Group Inc.’s holdings in Aptiv were worth $7,453,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC increased its holdings in shares of Aptiv by 49.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 730 shares of the auto parts company’s stock worth $44,000 after buying an additional 240 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Aptiv by 90.6% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 1,506 shares of the auto parts company’s stock worth $126,000 after buying an additional 716 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of Aptiv by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,530 shares of the auto parts company’s stock worth $94,000 after buying an additional 207 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new stake in shares of Aptiv during the 3rd quarter worth approximately $154,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $159,000. Institutional investors own 95.01% of the company’s stock.
A number of analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Aptiv from $99.00 to $93.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Royal Bank of Canada lifted their target price on shares of Aptiv to $88.00 and gave the company an “outperform” rating in a report on Friday, February 1st. Barclays lifted their target price on shares of Aptiv to $90.00 and gave the company an “overweight” rating in a report on Friday, February 1st. TheStreet upgraded shares of Aptiv from a “c+” rating to a “b-” rating in a report on Tuesday, February 5th. Finally, BMO Capital Markets lifted their target price on shares of Aptiv from $84.00 to $92.00 and gave the company an “outperform” rating in a report on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Aptiv has an average rating of “Buy” and a consensus price target of $93.82.
In related news, insider Kevin P. Clark acquired 11,310 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of $67.43 per share, with a total value of $762,633.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.32% of the company’s stock.
NYSE APTV opened at $77.38 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.81. Aptiv PLC has a one year low of $58.80 and a one year high of $103.23.
Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, January 31st. The auto parts company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.13. The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.53 billion. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. Equities analysts anticipate that Aptiv PLC will post 5.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Stockholders of record on Wednesday, February 6th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, February 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.14%. Aptiv’s dividend payout ratio (DPR) is 16.73%.
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: Fundamental Analysis – How It Helps Investors
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).