Nikko Asset Management Americas Inc. Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Nikko Asset Management Americas Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 12.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 338,861 shares of the auto parts company’s stock after selling 49,630 shares during the quarter. Nikko Asset Management Americas Inc. owned about 0.13% of Aptiv worth $27,390,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in APTV. TimesSquare Capital Management LLC purchased a new position in shares of Aptiv in the first quarter worth about $55,571,000. Bessemer Group Inc. raised its stake in shares of Aptiv by 247,261.2% in the second quarter. Bessemer Group Inc. now owns 638,192 shares of the auto parts company’s stock worth $51,586,000 after purchasing an additional 637,934 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock worth $601,537,000 after purchasing an additional 507,774 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Aptiv by 37.8% in 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 last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Aptiv by 58.7% in the first quarter. TD Asset Management Inc. now owns 904,519 shares of the auto parts company’s stock worth $71,900,000 after purchasing an additional 334,572 shares during the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

APTV stock traded down $1.38 during trading on Friday, hitting $84.08. 33,149 shares of the company traded hands, compared to its average volume of 1,428,962. The stock’s 50-day moving average is $80.51. The company has a current ratio of 1.22, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $21.52 billion, a P/E ratio of 15.97, a PEG ratio of 1.46 and a beta of 2.06. Aptiv PLC has a 1 year low of $58.80 and a 1 year high of $98.50.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company earned $1.40 earnings per share. Aptiv’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Aptiv PLC will post 5.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.05%. The ex-dividend date is Tuesday, August 6th. Aptiv’s payout ratio is currently 16.73%.

Several research analysts have recently issued reports on the company. Wolfe Research cut Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their price objective on Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup raised their price objective on Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price objective for the company in a research note on Friday, August 2nd. Finally, ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and a consensus price target of $92.16.

About Aptiv

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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