Zurich Insurance Group Ltd FI lessened its stake in Aptiv PLC (NYSE:APTV) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,188 shares of the auto parts company’s stock after selling 9,115 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Aptiv were worth $3,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Mercantile Trust Co. acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $159,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $162,000. RNC Capital Management LLC acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $202,000. Neumann Capital Management LLC acquired a new stake in shares of Aptiv during the 1st quarter worth approximately $203,000. Finally, CWM Advisors LLC acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $223,000. Hedge funds and other institutional investors own 91.01% of the company’s stock.

APTV traded up $1.65 during trading on Wednesday, reaching $87.66. The company had a trading volume of 7,007 shares, compared to its average volume of 1,608,179. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.19 and a current ratio of 1.55. Aptiv PLC has a 12 month low of $79.46 and a 12 month high of $103.23. The firm has a market cap of $23.00 billion, a P/E ratio of 18.87, a PEG ratio of 1.21 and a beta of 1.58.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Tuesday, August 7th. Aptiv’s payout ratio is currently 18.97%.

In other Aptiv news, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $95.00, for a total value of $111,530.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank J. Dellaquila purchased 750 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was bought at an average cost of $89.00 per share, for a total transaction of $66,750.00. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.

Several brokerages have recently commented on APTV. Wells Fargo & Co lifted their price target on shares of Aptiv from $105.00 to $118.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 5th. BMO Capital Markets set a $113.00 price objective on shares of Aptiv and gave the stock a “buy” rating in a research note on Wednesday, August 1st. ValuEngine raised shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Royal Bank of Canada lifted their price objective on shares of Aptiv to $115.00 and gave the stock an “outperform” rating in a research note on Friday, June 22nd. Finally, Zacks Investment Research lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Two equities research 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. The stock presently has a consensus rating of “Buy” and an average target price of $100.52.

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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