Vontobel Asset Management Inc. Lowers Stock Position in Aptiv PLC (NYSE:APTV)

Vontobel Asset Management Inc. cut its stake in shares of Aptiv PLC (NYSE:APTV) by 21.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 387,428 shares of the auto parts company’s stock after selling 107,439 shares during the period. Vontobel Asset Management Inc. owned 0.15% of Aptiv worth $31,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in APTV. Holocene Advisors LP purchased a new stake in shares of Aptiv during the 2nd quarter valued at $66,438,000. TimesSquare Capital Management LLC purchased a new stake in shares of Aptiv during the 1st quarter valued at $55,571,000. Bessemer Group Inc. grew its stake in shares of 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 buying an additional 637,934 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of 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 buying an additional 507,774 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 384,616 shares during the period. 95.19% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Aptiv from a “buy” rating to a “hold” rating and set a $96.00 target price on the stock. in a report on Wednesday, September 11th. ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Buckingham Research lifted their target price on shares of Aptiv from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Morgan Stanley reduced their target price on shares of Aptiv from $67.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, June 28th. Finally, Credit Suisse Group lifted their target price on shares of Aptiv from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.50.

In other news, CAO Allan J. Brazier sold 4,752 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. 0.40% of the stock is currently owned by insiders.

APTV stock traded down $0.62 during trading on Monday, reaching $89.56. The stock had a trading volume of 97,810 shares, compared to its average volume of 875,362. Aptiv PLC has a 1-year low of $58.80 and a 1-year high of $92.98. 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 company has a market capitalization of $23.25 billion, a P/E ratio of 17.03, a PEG ratio of 1.60 and a beta of 2.08. The firm has a fifty day moving average price of $83.60 and a 200 day moving average price of $80.67.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.20. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Sell-side analysts predict that Aptiv PLC will post 5.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, August 6th. Aptiv’s payout ratio is currently 16.73%.

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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