Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.05 Million Holdings in Aptiv PLC (APTV)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Aptiv PLC (NYSE:APTV) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,143 shares of the auto parts company’s stock after selling 3,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aptiv were worth $6,053,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Artisan Partners Limited Partnership raised its stake in shares of Aptiv by 1.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,955,631 shares of the auto parts company’s stock worth $728,974,000 after buying an additional 107,484 shares during the period. Alliancebernstein L.P. raised its stake in shares of Aptiv by 8.7% during the 3rd quarter. Alliancebernstein L.P. now owns 4,824,401 shares of the auto parts company’s stock worth $404,768,000 after buying an additional 386,098 shares during the period. Senator Investment Group LP raised its stake in shares of Aptiv by 25.0% during the 2nd quarter. Senator Investment Group LP now owns 4,000,000 shares of the auto parts company’s stock worth $366,520,000 after buying an additional 800,000 shares during the period. Wells Fargo & Company MN raised its stake in shares of Aptiv by 3.0% during the 3rd quarter. Wells Fargo & Company MN now owns 3,984,149 shares of the auto parts company’s stock worth $334,269,000 after buying an additional 116,201 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Aptiv by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 1,784,468 shares of the auto parts company’s stock worth $149,717,000 after buying an additional 58,828 shares during the period. 90.45% of the stock is owned by institutional investors.

Shares of APTV opened at $73.30 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.54 and a quick ratio of 1.14. Aptiv PLC has a one year low of $70.41 and a one year high of $103.23. The company has a market cap of $19.31 billion, a P/E ratio of 15.80, a PEG ratio of 1.06 and a beta of 1.59.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, October 31st. The auto parts company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.04. Aptiv had a return on equity of 37.53% and a net margin of 7.56%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.41 billion. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Aptiv PLC will post 5.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.20%. The ex-dividend date was Tuesday, November 6th. Aptiv’s payout ratio is currently 18.97%.

Several research analysts have recently weighed in on APTV shares. Macquarie started coverage on Aptiv in a research note on Monday, October 8th. They set an “outperform” rating for the company. Morgan Stanley upped their target price on Aptiv from $79.00 to $81.00 and gave the stock an “underweight” rating in a research note on Monday, August 13th. Wolfe Research assumed coverage on Aptiv in a research note on Tuesday, October 2nd. They set an “outperform” rating for the company. Buckingham Research dropped their price target on Aptiv from $110.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, October 3rd. Finally, Wells Fargo & Co dropped their price target on Aptiv from $111.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, October 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.11.

In other Aptiv news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $86.24, for a total value of $241,472.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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