Sterling Capital Management LLC Lowers Holdings in Aptiv PLC (NYSE:APTV)

Sterling Capital Management LLC cut its position in Aptiv PLC (NYSE:APTV) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804,528 shares of the auto parts company’s stock after selling 1,848 shares during the quarter. Sterling Capital Management LLC owned about 0.31% of Aptiv worth $65,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Davis Rea LTD. increased its holdings in shares of Aptiv by 0.9% in the 2nd quarter. Davis Rea LTD. now owns 15,666 shares of the auto parts company’s stock worth $1,266,000 after buying an additional 141 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Aptiv by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,563 shares of the auto parts company’s stock worth $2,228,000 after buying an additional 162 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Aptiv by 30.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock worth $56,000 after buying an additional 162 shares during the last quarter. ETF Managers Group LLC increased its holdings in shares of Aptiv by 10.8% in the 1st quarter. ETF Managers Group LLC now owns 1,696 shares of the auto parts company’s stock worth $135,000 after buying an additional 166 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Aptiv by 22.0% in the 1st quarter. Signaturefd LLC now owns 1,016 shares of the auto parts company’s stock worth $81,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 95.19% of the company’s stock.

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Aptiv from $87.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday. ValuEngine raised shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Cowen increased their price target on shares of Aptiv from $95.00 to $102.00 and gave the stock a “top pick” rating in a report on Thursday, August 1st. Bank of America lowered shares of Aptiv from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Citigroup increased their price target on shares of Aptiv from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.50.

Shares of APTV stock traded down $0.59 on Monday, hitting $89.59. 1,259,817 shares of the company’s stock traded hands, compared to its average volume of 875,362. 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 PLC has a one year low of $58.80 and a one year high of $92.98. The company’s fifty day simple moving average is $83.60 and its 200 day simple moving average is $80.67. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.60 and a beta of 2.08.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 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 company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the firm earned $1.40 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Aptiv PLC will post 5.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.88 annualized dividend and a yield of 0.98%. Aptiv’s payout ratio is currently 16.73%.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Corporate insiders own 0.40% of the company’s stock.

About Aptiv

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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