Quest Capital Management Inc. ADV Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

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Quest Capital Management Inc. ADV lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 99.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,254 shares of the auto parts company’s stock after selling 322,875 shares during the period. Quest Capital Management Inc. ADV’s holdings in Aptiv were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership boosted its holdings in Aptiv by 7.2% during the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock worth $601,537,000 after buying an additional 507,774 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Aptiv by 1.4% in the first quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock valued at $467,321,000 after purchasing an additional 83,653 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after purchasing an additional 41,542 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after purchasing an additional 61,182 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Aptiv by 0.9% in the first quarter. Northern Trust Corp now owns 2,994,951 shares of the auto parts company’s stock valued at $238,069,000 after purchasing an additional 26,162 shares in the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of APTV traded down $0.73 on Tuesday, hitting $82.83. 15,975 shares of the stock traded hands, compared to its average volume of 1,453,565. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $21.23 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.44 and a beta of 2.06. The stock’s 50 day moving average is $81.16 and its two-hundred day moving average is $80.00. Aptiv PLC has a 1 year low of $58.80 and a 1 year high of $95.00.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.20. The business 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 company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 earnings per share. Research analysts forecast that Aptiv PLC will post 5.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, August 6th. Aptiv’s payout ratio is 16.73%.

Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Aptiv from a “sell” rating to a “hold” rating and set a $89.00 price target on the stock in a report on Friday, August 2nd. KeyCorp upped their price target on shares of Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. ValuEngine raised shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Citigroup upped their price target on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird upped their price target on shares of Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.16.

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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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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