Aptiv PLC (NYSE:APTV) Holdings Raised by SRB Corp

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SRB Corp raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,731 shares of the auto parts company’s stock after acquiring an additional 935 shares during the quarter. SRB Corp’s holdings in Aptiv were worth $694,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of APTV. Vanguard Group Inc lifted its position in shares of Aptiv by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 22,946,461 shares of the auto parts company’s stock worth $1,925,209,000 after buying an additional 360,751 shares during the last quarter. Dupont Capital Management Corp boosted its holdings in shares of Aptiv by 26.4% in the fourth quarter. Dupont Capital Management Corp now owns 3,826 shares of the auto parts company’s stock worth $236,000 after buying an additional 800 shares during the period. ETF Managers Group LLC boosted its holdings in shares of Aptiv by 15.6% during the fourth quarter. ETF Managers Group LLC now owns 1,530 shares of the auto parts company’s stock worth $94,000 after purchasing an additional 207 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Aptiv by 3,023.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 1,911,334 shares during the period. Finally, Argent Trust Co bought a new position in shares of Aptiv in the fourth quarter valued at approximately $580,000. 94.51% of the stock is currently owned by institutional investors and hedge funds.

In other Aptiv news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

A number of brokerages have recently commented on APTV. Robert W. Baird upped their price target on Aptiv from $103.00 to $109.00 and gave the company an “outperform” rating in a research note on Tuesday. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley lowered their price objective on Aptiv from $70.00 to $69.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Wolfe Research lowered Aptiv from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 18th. Finally, Buckingham Research lowered Aptiv from a “buy” rating to a “neutral” rating and set a $81.96 target price on the stock. in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $92.40.

Shares of APTV stock traded down $0.95 on Friday, reaching $75.14. The stock had a trading volume of 10,046 shares, compared to its average volume of 1,869,540. The company has a market cap of $19.62 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.93. Aptiv PLC has a 1 year low of $58.80 and a 1 year high of $103.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 0.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. As a group, analysts expect that Aptiv PLC will post 5.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.88 annualized dividend and a yield of 1.17%. Aptiv’s payout ratio is currently 16.73%.

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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.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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