Keybank National Association OH Sells 274 Shares of Aptiv PLC (NYSE:APTV)

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Keybank National Association OH decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,143 shares of the auto parts company’s stock after selling 274 shares during the period. Keybank National Association OH’s holdings in Aptiv were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Aptiv by 37.8% during the fourth 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 during the last quarter. BB&T Corp boosted its position in Aptiv by 6.8% during the first quarter. BB&T Corp now owns 76,425 shares of the auto parts company’s stock valued at $6,075,000 after purchasing an additional 4,853 shares during the last quarter. Brinker Capital Inc. boosted its position in Aptiv by 0.6% during the first quarter. Brinker Capital Inc. now owns 19,482 shares of the auto parts company’s stock valued at $1,549,000 after purchasing an additional 121 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in Aptiv by 0.7% during the first quarter. Douglas Lane & Associates LLC now owns 883,360 shares of the auto parts company’s stock valued at $70,218,000 after purchasing an additional 6,012 shares during the last quarter. Finally, Advisor Partners LLC boosted its position in Aptiv by 26.7% during the first quarter. Advisor Partners LLC now owns 5,299 shares of the auto parts company’s stock valued at $421,000 after purchasing an additional 1,116 shares during the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on APTV. Citigroup increased their price target on Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Cowen raised their price objective on Aptiv from $95.00 to $102.00 and gave the company a “top pick” rating in a research report on Thursday, August 1st. Robert W. Baird raised their price objective on Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Buckingham Research raised their price objective on Aptiv from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut their price objective on Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $92.16.

NYSE:APTV opened at $83.48 on Wednesday. The stock has a market cap of $21.28 billion, a P/E ratio of 15.87, a PEG ratio of 1.44 and a beta of 2.06. The stock has a 50 day simple moving average of $81.19 and a 200 day simple moving average of $80.01. The company has a current ratio of 1.22, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. Aptiv PLC has a 1-year low of $58.80 and a 1-year high of $95.00.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.20. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. As a group, sell-side analysts forecast that Aptiv PLC will post 5.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.88 annualized dividend and a yield of 1.05%. Aptiv’s payout ratio is currently 16.73%.

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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