Kelly Lawrence W & Associates Inc. CA Sells 1,700 Shares of Aptiv PLC (NYSE:APTV)

Kelly Lawrence W & Associates Inc. CA trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,525 shares of the auto parts company’s stock after selling 1,700 shares during the period. Aptiv comprises 2.2% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 23rd largest position. Kelly Lawrence W & Associates Inc. CA owned 0.06% of Aptiv worth $13,056,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of Aptiv by 9.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 29,449 shares of the auto parts company’s stock valued at $2,380,000 after buying an additional 2,601 shares during the period. Putnam Investments LLC increased its position in shares of Aptiv by 0.3% during the second quarter. Putnam Investments LLC now owns 1,491,364 shares of the auto parts company’s stock valued at $120,547,000 after buying an additional 3,882 shares during the period. Mackenzie Financial Corp increased its position in shares of Aptiv by 10.4% during the second quarter. Mackenzie Financial Corp now owns 46,819 shares of the auto parts company’s stock valued at $3,784,000 after buying an additional 4,394 shares during the period. Invesco Ltd. increased its position in shares of Aptiv by 11.5% during the second quarter. Invesco Ltd. now owns 3,821,137 shares of the auto parts company’s stock valued at $308,864,000 after buying an additional 395,530 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its position in shares of Aptiv by 3.3% during the second quarter. Silvercrest Asset Management Group LLC now owns 42,775 shares of the auto parts company’s stock valued at $3,458,000 after buying an additional 1,381 shares during the period. 95.19% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE APTV traded up $0.07 during midday trading on Wednesday, hitting $89.71. The stock had a trading volume of 9,091 shares, compared to its average volume of 905,794. The company has a market cap of $23.01 billion, a P/E ratio of 17.05, a PEG ratio of 1.58 and a beta of 2.08. The business’s 50 day moving average is $84.21 and its 200-day moving average is $80.81. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $92.98. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.20. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. As a group, analysts expect that Aptiv PLC will post 5.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors 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 dividend on an annualized basis and a yield of 0.98%. Aptiv’s dividend payout ratio (DPR) is 16.73%.

In related news, CAO Allan J. Brazier sold 4,752 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. 0.40% of the stock is owned by corporate insiders.

APTV has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. UBS Group boosted their price target on shares of Aptiv from $87.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Zacks Investment Research cut shares of Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a research report on Wednesday, September 11th. Credit Suisse Group boosted their price target on shares of Aptiv from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on shares of Aptiv from $67.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.50.

Aptiv 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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