Dupont Capital Management Corp Invests $393,000 in Aptiv PLC (NYSE:APTV)

Dupont Capital Management Corp acquired a new position in Aptiv PLC (NYSE:APTV) in the third quarter, Holdings Channel.com reports. The firm acquired 4,500 shares of the auto parts company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its holdings in shares of Aptiv by 30.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after purchasing an additional 162 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Aptiv by 10.4% in the 2nd quarter. Mackenzie Financial Corp now owns 46,819 shares of the auto parts company’s stock worth $3,784,000 after purchasing an additional 4,394 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Aptiv by 3.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 40,527 shares of the auto parts company’s stock worth $3,275,000 after purchasing an additional 1,447 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Aptiv by 618.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 58,559 shares of the auto parts company’s stock worth $4,733,000 after purchasing an additional 50,407 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in shares of Aptiv by 30.1% in the 2nd quarter. Cibc World Markets Corp now owns 44,808 shares of the auto parts company’s stock worth $3,622,000 after purchasing an additional 10,374 shares in the last quarter. Hedge funds and other institutional investors own 95.37% of the company’s stock.

A number of research firms have recently issued reports on APTV. Citigroup upped their price objective on Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Guggenheim initiated coverage on Aptiv in a research note on Tuesday, October 15th. They issued a “buy” rating and a $98.00 target price for the company. Credit Suisse Group reissued a “buy” rating and issued a $95.00 target price on shares of Aptiv in a research note on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $108.00 target price (up previously from $99.00) on shares of Aptiv in a research note on Thursday, August 1st. Finally, ValuEngine lowered Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $92.65.

APTV opened at $95.58 on Thursday. The business has a 50 day simple moving average of $88.05 and a two-hundred day simple moving average of $81.91. The firm has a market capitalization of $24.41 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.84 and a beta of 2.03. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.39 and a quick ratio of 1.04. Aptiv PLC has a one year low of $58.80 and a one year high of $96.35.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, meeting analysts’ consensus estimates of $1.27. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.61 billion. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. Aptiv’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 EPS. As a group, sell-side analysts expect that Aptiv PLC will post 4.66 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, November 5th. Aptiv’s payout ratio is 16.73%.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Corporate insiders own 0.40% of the company’s stock.

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 segment, 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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