Neuburgh Advisers LLC Increases Holdings in Aptiv PLC (NYSE:APTV)

Share on StockTwits

Neuburgh Advisers LLC raised its holdings in shares of Aptiv PLC (NYSE:APTV) by 7.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,948 shares of the auto parts company’s stock after purchasing an additional 748 shares during the period. Neuburgh Advisers LLC’s holdings in Aptiv were worth $885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Thor Advisors LLC purchased a new position in shares of Aptiv during the first quarter valued at approximately $33,000. Botty Investors LLC bought a new stake in Aptiv in the first quarter valued at $40,000. Cornerstone Advisors Inc. boosted its holdings in Aptiv by 30.6% in the second quarter. Cornerstone Advisors Inc. now owns 692 shares of the auto parts company’s stock valued at $56,000 after acquiring an additional 162 shares in the last quarter. Signaturefd LLC increased its position in Aptiv by 22.0% during the 1st quarter. Signaturefd LLC now owns 1,016 shares of the auto parts company’s stock valued at $81,000 after purchasing an additional 183 shares during the period. Finally, Huntington National Bank increased its position in Aptiv by 25.0% during the 2nd quarter. Huntington National Bank now owns 1,095 shares of the auto parts company’s stock valued at $88,000 after purchasing an additional 219 shares during the period. 95.44% of the stock is owned by institutional investors and hedge funds.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction dated 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 currently owned by company insiders.

Shares of Aptiv stock traded down $0.18 during midday trading on Wednesday, hitting $90.58. The company had a trading volume of 39,900 shares, compared to its average volume of 897,018. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.89 and a current ratio of 1.22. The stock has a market capitalization of $23.14 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.59 and a beta of 2.08. The company has a 50 day moving average of $83.26 and a 200 day moving average of $80.59. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $92.98.

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 Zacks’ consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that Aptiv PLC will post 5.11 EPS for the current year.

The company 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. This represents a $0.88 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is 16.73%.

Several equities research analysts have recently commented on APTV shares. Credit Suisse Group raised their target price on shares of Aptiv from $90.00 to $96.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Citigroup boosted their price target on shares of Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America raised their price objective on shares of Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Aptiv from a “buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $92.25.

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.

Featured Story: Bull Market

Want to see what other hedge funds are holding APTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aptiv PLC (NYSE:APTV).

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

Receive News & Ratings for Aptiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aptiv and related companies with MarketBeat.com's FREE daily email newsletter.