Aptiv PLC (APTV) Stake Decreased by CapWealth Advisors LLC

CapWealth Advisors LLC reduced its position in Aptiv PLC (NYSE:APTV) by 14.5% during the second quarter, HoldingsChannel reports. 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.

Several other large investors have also recently added to or reduced their stakes in APTV. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Aptiv by 24.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 63,261 shares of the auto parts company’s stock valued at $5,376,000 after buying an additional 12,415 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Aptiv in the 1st quarter valued at about $556,000. Aperio Group LLC boosted its holdings in shares of Aptiv by 1.5% in the 1st quarter. Aperio Group LLC now owns 110,733 shares of the auto parts company’s stock valued at $9,409,000 after buying an additional 1,673 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in Aptiv by 18.2% in the 1st quarter. Neuburgh Advisers LLC now owns 13,022 shares of the auto parts company’s stock worth $1,106,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in Aptiv by 15.8% in the 1st quarter. Riverhead Capital Management LLC now owns 6,892 shares of the auto parts company’s stock worth $586,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 91.04% of the company’s stock.

In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $86.24, for a total transaction of $241,472.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank J. Dellaquila purchased 750 shares of Aptiv stock in a transaction on Thursday, August 23rd. The shares were acquired at an average cost of $89.00 per share, with a total value of $66,750.00. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.

APTV opened at $86.88 on Friday. Aptiv PLC has a 12-month low of $79.46 and a 12-month high of $103.23. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.57.

Aptiv (NYSE:APTV) last posted its quarterly earnings results 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. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the firm posted $1.13 EPS. Aptiv’s revenue for the quarter was up 16.8% compared to the same quarter last year. analysts expect that Aptiv PLC will post 5.36 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, August 7th. Aptiv’s dividend payout ratio is presently 18.97%.

A number of analysts recently commented on APTV shares. BMO Capital Markets set a $113.00 target price on shares of Aptiv and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Morgan Stanley lifted their target price on shares of Aptiv from $79.00 to $81.00 and gave the stock an “underweight” rating in a research note on Monday, August 13th. Longbow Research set a $110.00 target price on shares of Aptiv and gave the stock a “buy” rating in a research note on Tuesday, July 31st. ValuEngine cut shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Wells Fargo & Co lifted their target price on shares of Aptiv from $105.00 to $118.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock 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.

Read More: Asset Allocation

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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