Parkside Financial Bank & Trust Trims Position in Aptiv PLC (NYSE:APTV)

Parkside Financial Bank & Trust lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 37.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 298 shares of the auto parts company’s stock after selling 181 shares during the period. Parkside Financial Bank & Trust’s holdings in Aptiv were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of APTV. NuWave Investment Management LLC boosted its stake in shares of Aptiv by 309.1% in the 3rd quarter. NuWave Investment Management LLC now owns 315 shares of the auto parts company’s stock valued at $27,000 after buying an additional 238 shares during the period. Cornerstone Advisors Inc. boosted its stake 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 valued at $56,000 after buying an additional 162 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Aptiv in the 2nd quarter valued at about $63,000. Huntington National Bank boosted its stake in shares of Aptiv by 25.0% in the 2nd quarter. Huntington National Bank now owns 1,095 shares of the auto parts company’s stock valued at $88,000 after buying an additional 219 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in shares of Aptiv by 377.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,233 shares of the auto parts company’s stock valued at $102,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price objective for the company. in a research note on Wednesday, September 11th. ValuEngine cut Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Jefferies Financial Group restated a “buy” rating and set a $108.00 target price (up previously from $99.00) on shares of Aptiv in a research note on Thursday, August 1st. Finally, Buckingham Research boosted their target price on Aptiv from $79.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Aptiv currently has a consensus rating of “Buy” and an average target price of $92.65.

NYSE APTV traded down $0.72 on Tuesday, reaching $95.33. The stock had a trading volume of 602,295 shares, compared to its average volume of 1,261,243. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.04 and a current ratio of 1.39. Aptiv PLC has a 12-month low of $58.80 and a 12-month high of $97.64. The business’s 50-day moving average price is $88.72 and its 200 day moving average price is $82.04. The stock has a market cap of $24.73 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.87 and a beta of 2.03.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.27 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.27. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business earned $1.24 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Aptiv PLC will post 4.66 earnings per share for the current year.

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

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

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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