Aptiv PLC (NYSE:APTV) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its position in Aptiv PLC (NYSE:APTVGet Rating) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,643 shares of the auto parts company’s stock after acquiring an additional 394 shares during the quarter. Cibc World Markets Corp’s holdings in Aptiv were worth $3,570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in shares of Aptiv by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 436,749 shares of the auto parts company’s stock worth $72,042,000 after acquiring an additional 2,406 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Aptiv by 28.3% during the third quarter. Gamco Investors INC. ET AL now owns 38,331 shares of the auto parts company’s stock worth $5,710,000 after buying an additional 8,458 shares in the last quarter. Hartford Investment Management Co. increased its stake in shares of Aptiv by 5.0% in the fourth quarter. Hartford Investment Management Co. now owns 31,685 shares of the auto parts company’s stock worth $5,226,000 after buying an additional 1,496 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in Aptiv by 14.7% in the fourth quarter. IndexIQ Advisors LLC now owns 5,353 shares of the auto parts company’s stock valued at $883,000 after acquiring an additional 687 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Aptiv by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 6,460 shares of the auto parts company’s stock valued at $1,066,000 after acquiring an additional 887 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.

In other Aptiv news, CEO Kevin P. Clark sold 5,830 shares of the stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total transaction of $641,183.40. Following the completion of the transaction, the chief executive officer now directly owns 676,822 shares of the company’s stock, valued at approximately $74,436,883.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Shares of Aptiv stock opened at $93.58 on Friday. Aptiv PLC has a 1-year low of $88.15 and a 1-year high of $180.81. The company has a market capitalization of $25.35 billion, a P/E ratio of 78.64, a PEG ratio of 2.16 and a beta of 2.01. The business’s fifty day moving average price is $108.61 and its two-hundred day moving average price is $136.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.60 and a quick ratio of 2.04.

Aptiv (NYSE:APTVGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The auto parts company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.06 billion. Aptiv had a net margin of 2.43% and a return on equity of 7.23%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, research analysts expect that Aptiv PLC will post 4.01 earnings per share for the current fiscal year.

Several brokerages have recently commented on APTV. Royal Bank of Canada reduced their price target on shares of Aptiv from $190.00 to $170.00 in a research report on Friday, February 4th. Cowen decreased their target price on Aptiv from $150.00 to $144.00 in a research report on Friday, May 6th. BNP Paribas assumed coverage on Aptiv in a research note on Monday, April 11th. They set an “outperform” rating and a $160.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Aptiv from $155.00 to $148.00 in a research note on Friday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Aptiv from $140.00 to $137.00 in a research report on Monday, May 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $159.50.

About Aptiv (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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