Holistic Financial Partners Invests $400,000 in Aptiv PLC (APTV)

Holistic Financial Partners purchased a new stake in shares of Aptiv PLC (NYSE:APTV) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,038 shares of the auto parts company’s stock, valued at approximately $400,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Aptiv by 25.9% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 587,756 shares of the auto parts company’s stock valued at $46,720,000 after purchasing an additional 121,072 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Aptiv by 7.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 31,515 shares of the auto parts company’s stock valued at $2,505,000 after acquiring an additional 2,299 shares in the last quarter. Trillium Asset Management LLC raised its holdings in shares of Aptiv by 45.7% during the first quarter. Trillium Asset Management LLC now owns 97,257 shares of the auto parts company’s stock valued at $7,731,000 after acquiring an additional 30,513 shares in the last quarter. Brasada Capital Management LP raised its holdings in shares of Aptiv by 50.0% during the first quarter. Brasada Capital Management LP now owns 6,000 shares of the auto parts company’s stock valued at $477,000 after acquiring an additional 2,000 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Aptiv by 20.9% during the first quarter. CIBC Asset Management Inc now owns 22,679 shares of the auto parts company’s stock valued at $1,803,000 after acquiring an additional 3,925 shares in the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

In other news, SVP David M. Sherbin sold 19,689 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $86.79, for a total value of $1,708,808.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

A number of brokerages recently commented on APTV. KeyCorp upped their target price on Aptiv from $95.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 18th. Zacks Investment Research upgraded Aptiv from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Morgan Stanley decreased their price objective on Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a report on Monday, April 15th. Finally, Jefferies Financial Group increased their price objective on Aptiv from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.80.

APTV traded down $0.83 during trading on Thursday, reaching $74.21. The stock had a trading volume of 12,839 shares, compared to its average volume of 1,709,203. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.32 and a beta of 1.79. Aptiv PLC has a one year low of $58.80 and a one year high of $103.23.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. Aptiv had a return on equity of 35.66% and a net margin of 6.95%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that Aptiv PLC will post 5.01 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.19%. Aptiv’s dividend payout ratio is currently 16.73%.

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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 segment, 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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