Lester Murray Antman dba SimplyRich purchased a new position in shares of Aptiv PLC (NYSE:APTV) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 5,415 shares of the auto parts company’s stock, valued at approximately $438,000.

Several other large investors also recently bought and sold shares of APTV. TimesSquare Capital Management LLC acquired a new stake in Aptiv in the 1st quarter valued at about $55,571,000. Bessemer Group Inc. grew its stake in Aptiv by 247,261.2% in the 2nd quarter. Bessemer Group Inc. now owns 638,192 shares of the auto parts company’s stock valued at $51,586,000 after acquiring an additional 637,934 shares during the last quarter. Artisan Partners Limited Partnership grew 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 valued at $601,537,000 after acquiring an additional 507,774 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Aptiv by 37.8% in 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 acquiring an additional 384,616 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in Aptiv by 58.7% in the 1st quarter. TD Asset Management Inc. now owns 904,519 shares of the auto parts company’s stock valued at $71,900,000 after acquiring an additional 334,572 shares during the last quarter. 93.12% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently commented on APTV. Bank of America increased their price objective on shares of Aptiv from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Cowen increased their price objective on shares of Aptiv from $95.00 to $102.00 and gave the company a “top pick” rating in a research note on Thursday, August 1st. Credit Suisse Group upped 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. Citigroup upped their target price on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Buckingham Research upped 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Aptiv has a consensus rating of “Buy” and a consensus target price of $92.16.

NYSE:APTV traded down $0.92 on Tuesday, reaching $82.64. The stock had a trading volume of 353,028 shares, compared to its average volume of 1,453,565. The company has a market cap of $21.23 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.44 and a beta of 2.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.22 and a quick ratio of 0.89. The firm’s fifty day moving average is $81.16 and its two-hundred day moving average is $80.00. Aptiv PLC has a 12-month low of $58.80 and a 12-month high of $95.00.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.20. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. As a group, research analysts forecast that Aptiv PLC will post 5.11 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. 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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