Aviva PLC lessened its holdings in Aptiv PLC (NYSE:APTV) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 133,675 shares of the auto parts company’s stock after selling 2,860 shares during the period. Aviva PLC’s holdings in Aptiv were worth $12,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of APTV. Global X Management Co. LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at approximately $227,000. Diamond Hill Capital Management Inc. raised its position in shares of Aptiv by 58.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 8,313 shares of the auto parts company’s stock valued at $706,000 after acquiring an additional 3,054 shares during the period. Wells Fargo & Company MN raised its position in shares of Aptiv by 15.4% in the 1st quarter. Wells Fargo & Company MN now owns 3,505,417 shares of the auto parts company’s stock valued at $297,854,000 after acquiring an additional 468,631 shares during the period. Grisanti Capital Management LLC raised its position in shares of Aptiv by 41.1% in the 1st quarter. Grisanti Capital Management LLC now owns 53,935 shares of the auto parts company’s stock valued at $4,749,000 after acquiring an additional 15,715 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Aptiv by 6.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 64,379 shares of the auto parts company’s stock valued at $5,471,000 after acquiring an additional 4,031 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Shares of APTV stock opened at $98.02 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.27 and a current ratio of 1.55. The company has a market cap of $26.06 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.36 and a beta of 1.58. Aptiv PLC has a 52 week low of $76.24 and a 52 week high of $103.23.

Aptiv (NYSE:APTV) last announced its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $1.13 EPS. analysts forecast that Aptiv PLC will post 5.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 7th. This represents a $0.88 annualized dividend and a yield of 0.90%. Aptiv’s dividend payout ratio (DPR) is currently 18.97%.

A number of analysts recently weighed in on the stock. Wells Fargo & Co increased their price target on shares of Aptiv from $105.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, June 5th. ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. BMO Capital Markets set a $113.00 price target on shares of Aptiv and gave the company a “buy” rating in a research report on Wednesday, August 1st. Royal Bank of Canada increased their price target on shares of Aptiv to $115.00 and gave the company an “outperform” rating in a research report on Friday, June 22nd. Finally, Zacks Investment Research downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $100.24.

In other Aptiv news, Director Mark P. Frissora sold 7,826 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

About Aptiv

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.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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