State Board of Administration of Florida Retirement System Has $27.12 Million Position in Aptiv PLC (NYSE:APTV)

State Board of Administration of Florida Retirement System lowered its position in shares of Aptiv PLC (NYSE:APTV) by 4.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 335,471 shares of the auto parts company’s stock after selling 14,200 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.13% of Aptiv worth $27,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. TimesSquare Capital Management LLC acquired a new position in Aptiv during the 1st quarter valued at about $55,571,000. Bessemer Group Inc. raised its position in Aptiv by 247,261.2% during the 2nd quarter. Bessemer Group Inc. now owns 638,192 shares of the auto parts company’s stock valued at $51,586,000 after purchasing an additional 637,934 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Aptiv by 7.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after purchasing an additional 507,774 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Aptiv by 37.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,401,723 shares of the auto parts company’s stock valued at $86,306,000 after purchasing an additional 384,616 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in Aptiv by 58.7% during the 1st quarter. TD Asset Management Inc. now owns 904,519 shares of the auto parts company’s stock valued at $71,900,000 after purchasing an additional 334,572 shares in the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.

NYSE APTV traded down $1.94 on Friday, hitting $81.58. 102,683 shares of the stock were exchanged, compared to its average volume of 1,399,546. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.22 and a quick ratio of 0.89. The business’s fifty day moving average is $81.37 and its 200 day moving average is $80.07. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $92.98. The company has a market capitalization of $21.06 billion, a PE ratio of 15.51, a P/E/G ratio of 1.44 and a beta of 2.06.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share. Analysts predict that Aptiv PLC will post 5.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.08%. Aptiv’s dividend payout ratio is presently 16.73%.

A number of analysts have weighed in on APTV shares. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price target on the stock in a research note on Friday, August 2nd. Buckingham Research increased their price target on shares of Aptiv from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Credit Suisse Group increased their price objective on shares of Aptiv from $90.00 to $96.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. UBS Group increased their price objective on shares of Aptiv from $81.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, ValuEngine upgraded shares of 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, five have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $91.90.

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 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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