Strs Ohio Sells 78,100 Shares of Aptiv PLC (APTV)

Strs Ohio trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 692,230 shares of the auto parts company’s stock after selling 78,100 shares during the period. Strs Ohio’s holdings in Aptiv were worth $63,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Massey Quick Simon & CO. LLC grew its stake in Aptiv by 272.6% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,725 shares of the auto parts company’s stock worth $147,000 after acquiring an additional 1,262 shares during the period. First Mercantile Trust Co. purchased a new stake in Aptiv in the 2nd quarter worth approximately $159,000. RNC Capital Management LLC purchased a new stake in Aptiv in the 2nd quarter worth approximately $202,000. Neumann Capital Management LLC purchased a new stake in Aptiv in the 1st quarter worth approximately $203,000. Finally, Stephens Inc. AR purchased a new stake in Aptiv in the 1st quarter worth approximately $223,000. 90.26% of the stock is owned by institutional investors and hedge funds.

NYSE:APTV opened at $92.77 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 1.08. The firm has a market cap of $25.03 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. Aptiv PLC has a twelve month low of $76.86 and a twelve month high of $103.23.

Aptiv (NYSE:APTV) last posted its earnings results on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.54 billion. Aptiv had a net margin of 8.28% and a return on equity of 41.16%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 EPS. sell-side analysts forecast that Aptiv PLC will post 5.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, August 7th. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. Aptiv’s payout ratio is 18.97%.

Several analysts have commented on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 target price on shares of Aptiv in a research note on Wednesday, August 1st. Longbow Research set a $110.00 price target on shares of Aptiv and gave the company a “buy” rating in a report on Tuesday, July 31st. ValuEngine lowered shares of Aptiv from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets set a $113.00 price target on shares of Aptiv and gave the company a “buy” rating in a report on Wednesday, August 1st. Finally, Barclays lifted their price target on shares of Aptiv from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $100.52.

In related news, Director Mark P. Frissora sold 7,826 shares of Aptiv stock in a transaction on Friday, June 15th. The shares were sold at an average price of $102.59, for a total transaction of $802,869.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

About Aptiv

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 segments, 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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