Neuburgh Advisers LLC Boosts Stock Holdings in Aptiv PLC (NYSE:APTV)
Neuburgh Advisers LLC raised its stake in Aptiv PLC (NYSE:APTV) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,948 shares of the auto parts company’s stock after acquiring an additional 748 shares during the period. Neuburgh Advisers LLC’s holdings in Aptiv were worth $885,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Artisan Partners Limited Partnership grew its holdings in shares of Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after purchasing an additional 507,774 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Aptiv by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after buying an additional 83,653 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Aptiv by 0.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock worth $365,003,000 after buying an additional 41,542 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Aptiv by 1.6% during the 1st quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after buying an additional 61,182 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Aptiv by 0.9% during the 1st quarter. Northern Trust Corp now owns 2,994,951 shares of the auto parts company’s stock valued at $238,069,000 after buying an additional 26,162 shares in the last quarter. Institutional investors own 95.44% of the company’s stock.
Shares of NYSE APTV traded down $0.18 during midday trading on Wednesday, hitting $90.58. The company’s stock had a trading volume of 39,900 shares, compared to its average volume of 897,018. 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 business’s 50 day moving average is $83.26 and its two-hundred day moving average is $80.59. Aptiv PLC has a 12-month low of $58.80 and a 12-month high of $92.98. The firm has a market cap of $23.14 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.59 and a beta of 2.08.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.22 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a yield of 0.97%. Aptiv’s payout ratio is 16.73%.
Several research firms recently commented on APTV. UBS Group lifted their price target on Aptiv from $81.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Buckingham Research upped their price objective on Aptiv from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Cowen raised their price objective on Aptiv from $95.00 to $102.00 and gave the company a “top pick” rating in a research note on Thursday, August 1st. Bank of America raised their price objective on Aptiv from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley dropped their target price on Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Aptiv presently has an average rating of “Buy” and an average target price of $92.25.
In other news, CAO Allan J. Brazier sold 4,752 shares of Aptiv stock in a transaction on Monday, September 9th. The stock was sold at an average price of $90.00, for a total transaction of $427,680.00. 0.40% of the stock is currently 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 segment, Signal and Power Solutions, and Advanced Safety and User Experience.
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