TD Asset Management Inc. reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 25.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 673,090 shares of the auto parts company’s stock after selling 231,429 shares during the period. TD Asset Management Inc. owned about 0.26% of Aptiv worth $54,405,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Dimensional Fund Advisors LP raised its position in shares of Aptiv by 37.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,401,723 shares of the auto parts company’s stock worth $86,306,000 after purchasing an additional 384,616 shares during the period. Winfield Associates Inc. raised its holdings in Aptiv by 18.1% in the 1st quarter. Winfield Associates Inc. now owns 11,310 shares of the auto parts company’s stock valued at $899,000 after acquiring an additional 1,735 shares in the last quarter. RNC Capital Management LLC acquired a new position in Aptiv in the 1st quarter valued at approximately $279,000. Oakbrook Investments LLC acquired a new position in Aptiv in the 1st quarter valued at approximately $2,193,000. Finally, Eqis Capital Management Inc. raised its holdings in Aptiv by 24.3% in the 1st quarter. Eqis Capital Management Inc. now owns 20,892 shares of the auto parts company’s stock valued at $1,661,000 after acquiring an additional 4,087 shares in the last quarter. 94.70% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on APTV shares. Robert W. Baird increased their target price on Aptiv from $96.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Credit Suisse Group increased their target price on Aptiv from $90.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. ValuEngine raised Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Bank of America increased their target price on Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. 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 assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $92.16.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. On average, equities analysts expect that Aptiv PLC will post 5.12 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, August 6th. Aptiv’s payout ratio is 16.73%.
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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