Nissay Asset Management Corp Japan ADV lessened its position in Aptiv PLC (NYSE:APTV) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,243 shares of the auto parts company’s stock after selling 2,887 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Aptiv were worth $2,801,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. PRW Wealth Management LLC acquired a new position in Aptiv during the fourth quarter worth approximately $28,000. Oregon Public Employees Retirement Fund increased its position in 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 last quarter. Laurel Wealth Advisors LLC acquired a new position in Aptiv during the fourth quarter worth approximately $34,000. Resources Investment Advisors Inc. acquired a new position in Aptiv during the fourth quarter worth approximately $34,000. Finally, Enlightenment Research LLC acquired a new position in Aptiv during the fourth quarter worth approximately $36,000. 95.74% of the stock is owned by institutional investors and hedge funds.
APTV has been the subject of several research reports. KeyCorp boosted their price objective on shares of Aptiv from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Wolfe Research downgraded shares of Aptiv from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 18th. Zacks Investment Research upgraded shares of Aptiv from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley decreased their price objective on shares of Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Finally, Jefferies Financial Group boosted their price objective on shares of Aptiv from $100.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.93.
Shares of APTV stock opened at $74.73 on Thursday. The firm has a market capitalization of $18.81 billion, a PE ratio of 14.21, a PEG ratio of 1.32 and a beta of 1.79. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.20. Aptiv PLC has a twelve month low of $58.80 and a twelve month high of $103.23.
Aptiv (NYSE:APTV) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. On average, research analysts predict that Aptiv PLC will post 5.01 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.18%. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.
In other news, SVP David M. Sherbin sold 19,689 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $86.79, for a total value of $1,708,808.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently 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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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