Keybank National Association OH lessened its position in Aptiv PLC (NYSE:APTV) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,143 shares of the auto parts company’s stock after selling 274 shares during the quarter. Keybank National Association OH’s holdings in Aptiv were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its holdings in shares of Aptiv by 7.2% during the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock worth $601,537,000 after purchasing an additional 507,774 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Aptiv by 1.4% during the first quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after purchasing an additional 83,653 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Aptiv by 0.9% during the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock worth $365,003,000 after purchasing an additional 41,542 shares during the period. Neuberger Berman Group LLC lifted its holdings in Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock worth $306,363,000 after buying an additional 61,182 shares during the period. Finally, Northern Trust Corp lifted its holdings in Aptiv by 0.9% in the first quarter. Northern Trust Corp now owns 2,994,951 shares of the auto parts company’s stock worth $238,069,000 after buying an additional 26,162 shares during the period. 93.12% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on APTV. Zacks Investment Research upgraded shares of Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price objective for the company in a report on Friday, August 2nd. Bank of America raised their price objective on shares of Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group restated a “buy” rating and issued a $108.00 price objective (up from $99.00) on shares of Aptiv in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Aptiv currently has an average rating of “Buy” and an average target price of $92.16.

APTV stock opened at $83.48 on Wednesday. The firm has a 50 day moving average price of $81.19 and a 200-day moving average price of $80.01. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $95.00. The firm has a market capitalization of $21.28 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.44 and a beta of 2.06. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22.

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 Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Aptiv PLC will post 5.11 earnings per share for the current fiscal year.

The firm also recently announced 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 is Tuesday, August 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.05%. Aptiv’s payout ratio is 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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