State Treasurer State of Michigan Cuts Holdings in Aptiv PLC (APTV)

State Treasurer State of Michigan lowered its position in shares of Aptiv PLC (NYSE:APTV) by 18.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 428,422 shares of the auto parts company’s stock after selling 96,400 shares during the quarter. State Treasurer State of Michigan owned about 0.16% of Aptiv worth $39,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Rampart Investment Management Company LLC raised its position in shares of Aptiv by 1,990.3% during the 1st quarter. Rampart Investment Management Company LLC now owns 69,941 shares of the auto parts company’s stock worth $5,943,000 after purchasing an additional 66,595 shares during the period. TD Asset Management Inc. raised its position in shares of Aptiv by 19.6% during the 2nd quarter. TD Asset Management Inc. now owns 421,219 shares of the auto parts company’s stock worth $38,596,000 after purchasing an additional 69,120 shares during the period. TCW Group Inc. raised its position in shares of Aptiv by 15.8% during the 1st quarter. TCW Group Inc. now owns 390,418 shares of the auto parts company’s stock worth $33,174,000 after purchasing an additional 53,377 shares during the period. Achmea Investment Management B.V. raised its position in shares of Aptiv by 204.1% during the 1st quarter. Achmea Investment Management B.V. now owns 38,033 shares of the auto parts company’s stock worth $3,229,000 after purchasing an additional 25,526 shares during the period. Finally, Wealthfront Inc. acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $985,000. Hedge funds and other institutional investors own 90.26% of the company’s stock.

Shares of APTV stock opened at $90.98 on Thursday. Aptiv PLC has a 12-month low of $76.86 and a 12-month high of $103.23. The company has a market capitalization of $25.03 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.55 and a quick ratio of 1.19.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.54 billion. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The business’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 EPS. equities research analysts forecast that Aptiv PLC will post 5.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, August 7th. Aptiv’s payout ratio is currently 18.97%.

A number of analysts have recently weighed in on the company. Wells Fargo & Co increased their price target on Aptiv from $105.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 5th. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. BMO Capital Markets set a $113.00 price objective on Aptiv and gave the stock a “buy” rating in a report on Wednesday, August 1st. Royal Bank of Canada increased their price objective on Aptiv to $115.00 and gave the stock an “outperform” rating in a report on Friday, June 22nd. Finally, Zacks Investment Research lowered Aptiv from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.52.

In other Aptiv news, Director Mark P. Frissora sold 7,826 shares of the stock in a transaction on Friday, June 15th. The stock was sold at an average price of $102.59, for a total transaction of $802,869.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

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 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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