Highbridge Capital Management LLC Takes $2.69 Million Position in Aptiv PLC (APTV)
Highbridge Capital Management LLC purchased a new stake in shares of Aptiv PLC (NYSE:APTV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,004 shares of the auto parts company’s stock, valued at approximately $2,685,000.
Several other large investors also recently modified their holdings of the company. Pinnacle Associates Ltd. increased its holdings in shares of Aptiv by 0.9% during the second quarter. Pinnacle Associates Ltd. now owns 61,491 shares of the auto parts company’s stock valued at $5,634,000 after acquiring an additional 575 shares in the last quarter. BB&T Securities LLC increased its holdings in shares of Aptiv by 0.7% during the second quarter. BB&T Securities LLC now owns 81,739 shares of the auto parts company’s stock valued at $7,489,000 after acquiring an additional 597 shares in the last quarter. Neuburgh Advisers LLC increased its holdings in shares of Aptiv by 4.7% during the second quarter. Neuburgh Advisers LLC now owns 13,634 shares of the auto parts company’s stock valued at $1,249,000 after acquiring an additional 612 shares in the last quarter. Dupont Capital Management Corp increased its holdings in Aptiv by 29.5% in the 3rd quarter. Dupont Capital Management Corp now owns 3,026 shares of the auto parts company’s stock worth $254,000 after buying an additional 689 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Aptiv by 90.6% in 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 in the last quarter. Hedge funds and other institutional investors own 93.34% of the company’s stock.
APTV has been the subject of several research analyst reports. ValuEngine downgraded Aptiv from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Morgan Stanley lifted their price objective on Aptiv from $79.00 to $81.00 and gave the stock an “underweight” rating in a report on Monday, August 13th. Longbow Research set a $110.00 price objective on Aptiv and gave the stock a “buy” rating in a report on Friday, August 24th. Wolfe Research initiated coverage on Aptiv in a report on Tuesday, October 2nd. They issued an “outperform” rating for the company. Finally, Buckingham Research reduced their price objective on Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $101.82.
NYSE APTV opened at $69.87 on Friday. The stock has a market capitalization of $18.86 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.58. Aptiv PLC has a one year low of $69.00 and a one year high of $103.23. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 1.07.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.41 billion. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. Aptiv’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Aptiv PLC will post 5.15 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.26%. Aptiv’s dividend payout ratio is currently 18.97%.
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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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