CapWealth Advisors LLC decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,968 shares of the auto parts company’s stock after selling 1,520 shares during the quarter. CapWealth Advisors LLC’s holdings in Aptiv were worth $822,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in APTV. Artisan Partners Limited Partnership raised its stake in Aptiv by 12.0% during the first quarter. Artisan Partners Limited Partnership now owns 7,848,147 shares of the auto parts company’s stock valued at $666,857,000 after purchasing an additional 841,161 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Aptiv by 449.8% in the second quarter. Voya Investment Management LLC now owns 893,891 shares of the auto parts company’s stock valued at $81,908,000 after acquiring an additional 731,302 shares during the period. Millennium Management LLC raised its stake in shares of Aptiv by 149.4% in the first quarter. Millennium Management LLC now owns 1,140,725 shares of the auto parts company’s stock valued at $96,927,000 after acquiring an additional 683,337 shares during the period. Robecosam AG purchased a new stake in shares of Aptiv in the first quarter valued at $49,283,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Aptiv by 67.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,069,058 shares of the auto parts company’s stock valued at $97,958,000 after acquiring an additional 429,730 shares during the period. 91.04% of the stock is currently owned by institutional investors.
APTV stock opened at $86.88 on Friday. The stock has a market capitalization of $22.47 billion, a P/E ratio of 18.72, a P/E/G ratio of 1.18 and a beta of 1.57. Aptiv PLC has a 12 month low of $79.46 and a 12 month high of $103.23. 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 (NYSE:APTV) last posted its quarterly earnings results on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. equities research analysts expect that Aptiv PLC will post 5.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, August 7th. Aptiv’s dividend payout ratio is presently 18.97%.
In other Aptiv news, Director Frank J. Dellaquila bought 750 shares of the company’s stock in a transaction on Thursday, August 23rd. The shares were bought at an average cost of $89.00 per share, for a total transaction of $66,750.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joseph R. Massaro sold 2,800 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $86.24, for a total transaction of $241,472.00. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
Several equities research analysts have recently weighed in on APTV shares. Wells Fargo & Co increased their target price on shares of Aptiv from $105.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, June 5th. ValuEngine downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Barclays increased their target price on shares of Aptiv from $114.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Longbow Research set a $110.00 target price on shares of Aptiv and gave the company a “buy” rating in a research note on Friday, August 24th. Finally, Royal Bank of Canada increased their target price on shares of Aptiv to $115.00 and gave the company an “outperform” rating in a research note on Friday, June 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus 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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