Systematic Financial Management LP lowered its stake in Aptiv PLC (NYSE:APTV) by 9.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 224,389 shares of the auto parts company’s stock after selling 24,688 shares during the quarter. Systematic Financial Management LP owned 0.08% of Aptiv worth $19,066,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Aptiv during the fourth quarter valued at approximately $1,534,060,000. Lazard Asset Management LLC bought a new position in shares of Aptiv during the fourth quarter valued at approximately $478,991,000. Neuberger Berman Group LLC raised its holdings in shares of Aptiv by 4.8% during the first quarter. Neuberger Berman Group LLC now owns 5,540,260 shares of the auto parts company’s stock valued at $469,800,000 after acquiring an additional 251,614 shares in the last quarter. Longview Partners Guernsey LTD bought a new position in shares of Aptiv during the fourth quarter valued at approximately $378,094,000. Finally, Alliancebernstein L.P. bought a new position in shares of Aptiv during the fourth quarter valued at approximately $331,936,000. Hedge funds and other institutional investors own 89.37% of the company’s stock.
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Aptiv opened at $97.34 on Monday, Marketbeat Ratings reports. Aptiv PLC has a fifty-two week low of $70.74 and a fifty-two week high of $98.67. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.27 and a current ratio of 1.60. The stock has a market capitalization of $25.77 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.35 and a beta of 1.49.
Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 2nd. The auto parts company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.20 by $0.09. Aptiv had a return on equity of 44.95% and a net margin of 8.44%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.35 billion. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. equities analysts predict that Aptiv PLC will post 5.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, May 8th. Aptiv’s dividend payout ratio (DPR) is currently 18.97%.
In other news, SVP David Paja sold 6,287 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $92.08, for a total value of $578,906.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by company insiders.
APTV has been the subject of a number of recent analyst reports. Longbow Research set a $110.00 target price on Aptiv and gave the company a “buy” rating in a report on Thursday, May 3rd. Robert W. Baird upped their price target on Aptiv from $106.00 to $107.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 17th. Barclays reaffirmed a “buy” rating and issued a $104.00 price target on shares of Aptiv in a research note on Sunday, January 21st. Susquehanna Bancshares set a $108.00 price target on Aptiv and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Finally, BMO Capital Markets upped their price target on Aptiv to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $99.00.
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.