Aperio Group LLC Cuts Holdings in Aptiv PLC (NYSE:APTV)

Aperio Group LLC trimmed its stake in Aptiv PLC (NYSE:APTV) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,790 shares of the auto parts company’s stock after selling 3,943 shares during the period. Aperio Group LLC’s holdings in Aptiv were worth $9,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC lifted its position in Aptiv by 272.6% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock valued at $147,000 after acquiring an additional 1,262 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Aptiv during the 2nd quarter worth approximately $159,000. RNC Capital Management LLC purchased a new stake in shares of Aptiv during the 2nd quarter worth approximately $202,000. Neumann Capital Management LLC purchased a new stake in shares of Aptiv during the 1st quarter worth approximately $203,000. Finally, CWM Advisors LLC purchased a new stake in shares of Aptiv during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 90.96% of the company’s stock.

In related news, Director Frank J. Dellaquila bought 750 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $89.00 per share, with a total value of $66,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Susan M. Suver sold 1,174 shares of the firm’s stock in a transaction 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. Corporate insiders own 0.32% of the company’s stock.

APTV traded down $0.94 during trading on Friday, hitting $88.01. The company’s stock had a trading volume of 1,447,300 shares, compared to its average volume of 1,569,244. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. Aptiv PLC has a one year low of $78.65 and a one year high of $103.23. The company has a market capitalization of $24.37 billion, a PE ratio of 18.97, a PEG ratio of 1.28 and a beta of 1.58.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share. equities analysts forecast that Aptiv PLC will post 5.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th were paid a $0.22 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.00%. Aptiv’s dividend payout ratio (DPR) is presently 18.97%.

A number of research firms recently weighed in on APTV. Longbow Research set a $110.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research note on Friday, August 24th. Morgan Stanley boosted their price target on shares of Aptiv from $79.00 to $81.00 and gave the company an “underweight” rating in a research report on Monday, August 13th. ValuEngine downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Barclays lifted their price objective on shares of Aptiv from $114.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, August 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of Aptiv in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $100.52.

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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