Sterling Capital Management LLC Lowers Stake in Aptiv PLC (NYSE:APTV)
Sterling Capital Management LLC reduced its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.2% in the second quarter, HoldingsChannel reports. The fund owned 804,528 shares of the auto parts company’s stock after selling 1,848 shares during the period. Sterling Capital Management LLC’s holdings in Aptiv were worth $65,030,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of APTV. Holocene Advisors LP bought a new stake in Aptiv during the 2nd quarter valued at about $66,438,000. TimesSquare Capital Management LLC bought a new stake in Aptiv during the 1st quarter valued at about $55,571,000. Bessemer Group Inc. increased its stake in Aptiv by 247,261.2% during the 2nd quarter. Bessemer Group Inc. now owns 638,192 shares of the auto parts company’s stock valued at $51,586,000 after purchasing an additional 637,934 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in Aptiv by 7.2% during 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 purchasing an additional 507,774 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Aptiv by 37.8% during 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 purchasing an additional 384,616 shares in the last quarter. 95.19% of the stock is owned by institutional investors.
Shares of APTV stock traded down $0.59 during trading hours on Monday, reaching $89.59. The company had a trading volume of 1,259,817 shares, compared to its average volume of 875,362. The business has a fifty day moving average price of $83.60 and a 200-day moving average price of $80.67. Aptiv PLC has a one year low of $58.80 and a one year high of $92.98. The firm has a market cap of $23.25 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.60 and a beta of 2.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.98%. Aptiv’s dividend payout ratio is presently 16.73%.
APTV has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America lowered shares of Aptiv from a “buy” rating to a “neutral” rating in a research note on Friday. Cowen raised 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. Morgan Stanley reduced their price objective on shares of Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, June 28th. Finally, ValuEngine upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Aptiv currently has a consensus rating of “Buy” and an average target price of $92.50.
In related news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $90.00, for a total value of $427,680.00. Company insiders own 0.40% of the company’s stock.
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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