Aptiv PLC (APTV) Stake Raised by Scopus Asset Management L.P.
Scopus Asset Management L.P. raised its holdings in Aptiv PLC (NYSE:APTV) by 8,986.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 223,500 shares of the auto parts company’s stock after buying an additional 226,015 shares during the quarter. Scopus Asset Management L.P. owned about 0.08% of Aptiv worth $20,479,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. First Mercantile Trust Co. bought a new stake in shares of Aptiv during the second quarter valued at approximately $159,000. Cranbrook Wealth Management LLC bought a new stake in shares of Aptiv during the second quarter valued at approximately $162,000. RNC Capital Management LLC bought a new stake in shares of Aptiv during the second quarter valued at approximately $202,000. Neumann Capital Management LLC bought a new stake in shares of Aptiv during the first quarter valued at approximately $203,000. Finally, CWM Advisors LLC bought a new stake in shares of Aptiv during the second quarter valued at approximately $223,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
In other news, Director Mark P. Frissora sold 7,826 shares of the company’s stock in a transaction on Friday, June 15th. The stock was 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 link. Also, SVP Susan M. Suver sold 1,174 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total value of $111,530.00. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.
Aptiv (NYSE:APTV) last posted its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. analysts anticipate that Aptiv PLC will post 5.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, August 7th. Aptiv’s dividend payout ratio is currently 18.97%.
Several analysts have recently commented on APTV shares. Wells Fargo & Co lifted their price target on shares of Aptiv from $105.00 to $118.00 and gave the company an “outperform” rating in a research report on Tuesday, June 5th. ValuEngine lowered Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, June 22nd. Barclays boosted their target price on Aptiv from $114.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, August 1st. Longbow Research set a $110.00 target price on Aptiv and gave the company a “buy” rating in a research report on Friday, August 24th. Finally, Royal Bank of Canada boosted their target price on Aptiv to $115.00 and gave the company an “outperform” rating in a research report on Friday, June 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $100.52.
Aptiv Company 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 segments, Signal and Power Solutions; and Advanced Safety and User Experience.
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