Sandy Spring Bank trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 19.4% during the first quarter, Holdings Channel reports. The fund owned 2,725 shares of the auto parts company’s stock after selling 655 shares during the quarter. Sandy Spring Bank’s holdings in Aptiv were worth $217,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in APTV. Norges Bank acquired a new position in Aptiv in the fourth quarter worth about $380,134,000. Oregon Public Employees Retirement Fund grew its stake in Aptiv by 3,023.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,974,550 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 1,911,334 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Aptiv by 11.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,838,589 shares of the auto parts company’s stock worth $728,902,000 after purchasing an additional 1,234,844 shares in the last quarter. Two Sigma Investments LP grew its stake in Aptiv by 316.4% in the fourth quarter. Two Sigma Investments LP now owns 1,391,166 shares of the auto parts company’s stock worth $85,654,000 after purchasing an additional 1,057,043 shares in the last quarter. Finally, Royal London Asset Management Ltd. acquired a new position in Aptiv in the fourth quarter worth about $33,034,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of APTV stock opened at $74.73 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.20 and a quick ratio of 0.87. Aptiv PLC has a 52 week low of $58.80 and a 52 week high of $103.23. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 1.32 and a beta of 1.79.
Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.46 billion. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, analysts predict that Aptiv PLC will post 5.01 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.88 annualized dividend and a dividend yield of 1.18%. Aptiv’s dividend payout ratio is presently 16.73%.
APTV has been the subject of a number of research reports. Piper Jaffray Companies downgraded Aptiv from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $78.00 in a research note on Friday, January 25th. Nomura initiated coverage on Aptiv in a research note on Friday, January 25th. They issued a “neutral” rating and a $68.00 price target for the company. Longbow Research reiterated a “buy” rating and issued a $110.00 price target on shares of Aptiv in a research note on Monday, January 28th. Barclays lifted their price target on Aptiv to $90.00 and gave the stock an “overweight” rating in a research note on Friday, February 1st. Finally, Royal Bank of Canada lifted their price target on Aptiv to $88.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $92.93.
In other news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $86.79, for a total transaction of $1,708,808.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.
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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