Palouse Capital Management Inc. reduced its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,652 shares of the auto parts company’s stock after selling 512 shares during the quarter. Palouse Capital Management Inc.’s holdings in Aptiv were worth $1,642,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc lifted its stake in 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 purchasing an additional 360,751 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Aptiv by 11.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,838,589 shares of the auto parts company’s stock worth $728,902,000 after purchasing an additional 1,234,844 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Aptiv by 7.2% in the 1st 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 in the last quarter. Norges Bank purchased a new stake in Aptiv in the 4th quarter worth approximately $380,134,000. Finally, Lazard Asset Management LLC lifted its stake in Aptiv by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after purchasing an additional 83,653 shares in the last quarter. Institutional investors own 94.51% of the company’s stock.
Shares of APTV stock traded down $1.01 on Wednesday, hitting $75.13. 32,074 shares of the company’s stock traded hands, compared to its average volume of 1,758,495. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. Aptiv PLC has a one year low of $58.80 and a one year high of $103.23. The firm has a market cap of $19.43 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.32 and a beta of 1.93.
Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the firm earned $1.29 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that Aptiv PLC will post 5.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 7th. Aptiv’s dividend payout ratio is currently 16.73%.
In related news, SVP David M. Sherbin sold 19,689 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.
Several analysts have issued reports on APTV shares. Seaport Global Securities began coverage on shares of Aptiv in a research note on Wednesday, February 13th. They issued a “buy” rating on the stock. Goldman Sachs Group raised shares of Aptiv from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, February 13th. Buckingham Research lowered shares of Aptiv from a “buy” rating to a “neutral” rating and set a $81.96 price target on the stock. in a report on Monday, March 18th. Oppenheimer began coverage on shares of Aptiv in a report on Thursday, March 28th. They issued an “outperform” rating and a $93.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Aptiv from a “hold” rating to a “sell” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $92.40.
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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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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