Oregon Public Employees Retirement Fund decreased its position in shares of Aptiv PLC (NYSE:APTV) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,752 shares of the auto parts company’s stock after selling 9,139 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Aptiv were worth $5,750,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of APTV. Global X Management Co. LLC purchased a new position in shares of Aptiv in the first quarter worth $227,000. Wells Fargo & Company MN increased its stake in shares of Aptiv by 15.4% in the first quarter. Wells Fargo & Company MN now owns 3,505,417 shares of the auto parts company’s stock worth $297,854,000 after acquiring an additional 468,631 shares during the period. Atria Investments LLC increased its stake in shares of Aptiv by 15.7% in the first quarter. Atria Investments LLC now owns 5,541 shares of the auto parts company’s stock worth $471,000 after acquiring an additional 750 shares during the period. Stephens Inc. AR acquired a new stake in shares of Aptiv in the first quarter worth $223,000. Finally, Bank of Hawaii acquired a new stake in shares of Aptiv in the first quarter worth $240,000. 90.96% of the stock is owned by institutional investors.
NYSE:APTV opened at $84.78 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $22.57 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.18 and a beta of 1.57. Aptiv PLC has a twelve month low of $79.46 and a twelve month high of $103.23.
Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. Aptiv’s quarterly revenue was up 16.8% compared to the same quarter last year. research analysts anticipate that Aptiv PLC will post 5.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, August 7th. Aptiv’s dividend payout ratio is presently 18.97%.
A number of analysts have recently weighed in on the stock. Cowen reiterated a “buy” rating and issued a $109.00 price objective on shares of Aptiv in a research note on Friday, July 20th. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price objective on shares of Aptiv in a research note on Wednesday, August 1st. Longbow Research set a $110.00 price objective on shares of Aptiv and gave the stock a “buy” rating in a research note on Tuesday, July 31st. BMO Capital Markets set a $113.00 price objective on shares of Aptiv and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. Aptiv has an average rating of “Buy” and an average target price of $100.52.
In related news, Director Frank J. Dellaquila purchased 750 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was acquired at an average cost of $89.00 per share, for a total transaction of $66,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark P. Frissora sold 7,826 shares of Aptiv stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. The disclosure for this sale can be found here. 0.32% of the stock is owned by company insiders.
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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.
Featured Story: What is a closed-end mutual fund (CEF)?
Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.