First Hawaiian Bank cut its stake in shares of Aptiv PLC (NYSE:APTV) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,100 shares of the auto parts company’s stock after selling 1,967 shares during the quarter. First Hawaiian Bank’s holdings in Aptiv were worth $1,221,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of APTV. TimesSquare Capital Management LLC acquired a new stake in Aptiv in the first quarter valued at $55,571,000. Artisan Partners Limited Partnership increased its position in shares of Aptiv by 7.2% in the first quarter. Artisan Partners Limited Partnership now owns 7,567,450 shares of the auto parts company’s stock valued at $601,537,000 after buying an additional 507,774 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Aptiv by 37.8% in 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 buying an additional 384,616 shares in the last quarter. FMR LLC increased its position in shares of Aptiv by 11.9% in the fourth quarter. FMR LLC now owns 3,383,091 shares of the auto parts company’s stock valued at $208,296,000 after buying an additional 360,089 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Aptiv by 58.7% in the first quarter. TD Asset Management Inc. now owns 904,519 shares of the auto parts company’s stock valued at $71,900,000 after buying an additional 334,572 shares in the last quarter. 94.70% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on APTV shares. ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Citigroup raised 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. Morgan Stanley dropped 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. Bank of America lifted their price objective on Aptiv from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Aptiv from $93.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One investment 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.16.
Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.64 billion. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. Aptiv’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. On average, equities research analysts expect that Aptiv PLC will post 5.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, August 6th. Aptiv’s dividend payout ratio (DPR) is presently 16.73%.
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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