Aptiv PLC (APTV) Shares Sold by Gabelli Funds LLC
Gabelli Funds LLC lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 1.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,276 shares of the auto parts company’s stock after selling 2,000 shares during the period. Gabelli Funds LLC’s holdings in Aptiv were worth $9,084,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc. increased its stake in shares of Aptiv by 19.6% in the second quarter. TD Asset Management Inc. now owns 421,219 shares of the auto parts company’s stock worth $38,596,000 after purchasing an additional 69,120 shares in the last quarter. Douglas Lane & Associates LLC increased its stake in shares of Aptiv by 0.4% in the third quarter. Douglas Lane & Associates LLC now owns 867,691 shares of the auto parts company’s stock worth $72,799,000 after purchasing an additional 3,766 shares in the last quarter. Global X Management Co LLC increased its stake in shares of Aptiv by 236.1% in the second quarter. Global X Management Co LLC now owns 8,978 shares of the auto parts company’s stock worth $823,000 after purchasing an additional 6,307 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Aptiv by 41.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 50,000 shares of the auto parts company’s stock worth $4,582,000 after purchasing an additional 14,700 shares in the last quarter. Finally, Calamos Advisors LLC increased its stake in shares of Aptiv by 54.6% in the third quarter. Calamos Advisors LLC now owns 278,577 shares of the auto parts company’s stock worth $23,373,000 after purchasing an additional 98,350 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.
Several research firms have recently weighed in on APTV. Robert W. Baird reiterated a “buy” rating and issued a $115.00 target price on shares of Aptiv in a research note on Wednesday, August 1st. Cowen restated a “buy” rating and issued a $109.00 price objective on shares of Aptiv in a research report on Friday, July 20th. Longbow Research set a $110.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research report on Tuesday, July 31st. Macquarie assumed coverage on shares of Aptiv in a research report on Monday, October 8th. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the stock. Aptiv currently has an average rating of “Buy” and a consensus price target of $97.58.
Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (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 analyst estimates of $3.41 billion. Aptiv’s revenue 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.88 annualized dividend and a yield of 1.16%. Aptiv’s payout ratio is presently 18.97%.
In related news, Director Frank J. Dellaquila bought 750 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average cost of $89.00 per share, for a total transaction of $66,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total transaction of $111,530.00. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
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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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