Diversified Trust Co lifted its position in shares of Aptiv PLC (NYSE:APTV) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,982 shares of the auto parts company’s stock after purchasing an additional 2,643 shares during the period. Diversified Trust Co’s holdings in Aptiv were worth $2,931,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC raised its holdings in Aptiv by 272.6% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock valued at $147,000 after acquiring an additional 1,262 shares during the last quarter. RNC Capital Management LLC acquired a new position in Aptiv in the 2nd quarter valued at $202,000. Neumann Capital Management LLC purchased a new stake in shares of Aptiv during the 1st quarter valued at $203,000. CWM Advisors LLC purchased a new stake in shares of Aptiv during the 2nd quarter valued at $223,000. Finally, Stephens Inc. AR purchased a new stake in shares of Aptiv during the 1st quarter valued at $223,000. 90.26% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Mark P. Frissora sold 7,826 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.
Aptiv (NYSE:APTV) last issued its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 EPS. sell-side analysts forecast that Aptiv PLC will post 5.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 7th. This represents a $0.88 annualized dividend and a yield of 0.94%. Aptiv’s dividend payout ratio (DPR) is 18.97%.
Several brokerages have recently issued reports on APTV. Cowen set a $112.00 price objective on shares of Aptiv and gave the company a “buy” rating in a research note on Tuesday, July 31st. Robert W. Baird reissued a “buy” rating and set a $115.00 price objective on shares of Aptiv in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Deutsche Bank raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Thursday, May 3rd. Finally, Citigroup upped their price target on shares of Aptiv to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $100.52.
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.
See Also: Price to Earnings Ratio (PE)
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