State of Alaska Department of Revenue Boosts Position in Aptiv PLC (NYSE:APTV)

State of Alaska Department of Revenue grew its holdings in shares of Aptiv PLC (NYSE:APTV) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 40,527 shares of the auto parts company’s stock after acquiring an additional 1,447 shares during the quarter. State of Alaska Department of Revenue’s holdings in Aptiv were worth $3,275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APTV. William Blair Investment Management LLC boosted its position in shares of Aptiv by 4.3% during the first quarter. William Blair Investment Management LLC now owns 590,149 shares of the auto parts company’s stock valued at $46,911,000 after purchasing an additional 24,080 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Aptiv by 4.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 590,838 shares of the auto parts company’s stock worth $46,966,000 after acquiring an additional 23,372 shares in the last quarter. Keybank National Association OH bought a new stake in Aptiv in the first quarter worth $590,000. Roosevelt Investment Group Inc. boosted its holdings in Aptiv by 28.0% in the first quarter. Roosevelt Investment Group Inc. now owns 154,930 shares of the auto parts company’s stock worth $12,315,000 after acquiring an additional 33,881 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in Aptiv by 10.8% in the first quarter. ETF Managers Group LLC now owns 1,696 shares of the auto parts company’s stock worth $135,000 after acquiring an additional 166 shares in the last quarter. 94.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of APTV stock traded down $0.38 during mid-day trading on Friday, hitting $83.25. The company’s stock had a trading volume of 1,307,190 shares, compared to its average volume of 1,283,464. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $98.77. The company has a 50-day moving average of $79.66. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a market capitalization of $22.60 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.54 and a beta of 2.06.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Aptiv PLC will post 5.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 6th. Aptiv’s dividend payout ratio is currently 16.73%.

Several equities research analysts have commented on the company. Morgan Stanley dropped their target price on Aptiv from $67.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, June 28th. KeyCorp boosted their target price on Aptiv from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Bank of America boosted their target price on Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird boosted their target price on Aptiv from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup boosted their target price on Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.16.

Aptiv 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.

Featured Story: What is the Quick Ratio?

Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV).

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.