Conning Inc. Has $461,000 Stake in Aptiv PLC (APTV)

Conning Inc. trimmed its stake in shares of Aptiv PLC (NYSE:APTV) by 39.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,490 shares of the auto parts company’s stock after selling 3,515 shares during the quarter. Conning Inc.’s holdings in Aptiv were worth $461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Telos Capital Management Inc. increased its holdings in Aptiv by 4.2% in the third quarter. Telos Capital Management Inc. now owns 18,685 shares of the auto parts company’s stock worth $1,568,000 after purchasing an additional 756 shares in the last quarter. Hallmark Capital Management Inc. increased its holdings in Aptiv by 4.1% in the third quarter. Hallmark Capital Management Inc. now owns 181,105 shares of the auto parts company’s stock worth $15,195,000 after purchasing an additional 7,184 shares in the last quarter. Private Wealth Partners LLC increased its holdings in Aptiv by 10.9% in the third quarter. Private Wealth Partners LLC now owns 55,801 shares of the auto parts company’s stock worth $4,682,000 after purchasing an additional 5,492 shares in the last quarter. First Trust Advisors LP increased its holdings in Aptiv by 100.8% in the third quarter. First Trust Advisors LP now owns 59,851 shares of the auto parts company’s stock worth $5,021,000 after purchasing an additional 30,051 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Aptiv by 65.5% in the third quarter. IFP Advisors Inc now owns 2,391 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 946 shares in the last quarter. Institutional investors own 90.92% of the company’s stock.

A number of equities research analysts have weighed in on APTV shares. Longbow Research set a $110.00 target price on Aptiv and gave the stock a “buy” rating in a report on Tuesday, July 10th. Robert W. Baird reiterated a “buy” rating and issued a $115.00 target price on shares of Aptiv in a report on Wednesday, August 1st. BMO Capital Markets set a $113.00 target price on Aptiv and gave the stock a “buy” rating in a report on Wednesday, August 1st. Cowen set a $112.00 target price on Aptiv and gave the stock a “buy” rating in a report on Tuesday, July 31st. Finally, ValuEngine upgraded Aptiv from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $98.32.



Shares of Aptiv stock opened at $74.17 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 1.08. Aptiv PLC has a 52 week low of $71.66 and a 52 week high of $103.23. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 1.07 and a beta of 1.57.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Tuesday, July 31st. The auto parts company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.03. Aptiv had a return on equity of 41.16% and a net margin of 8.28%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Aptiv PLC will post 5.29 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.88 dividend on an annualized basis and a yield of 1.19%. Aptiv’s dividend payout ratio (DPR) is presently 18.97%.

In related news, SVP Susan M. Suver sold 1,174 shares of Aptiv stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $95.00, for a total transaction of $111,530.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Dellaquila bought 750 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were 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. Company insiders own 0.32% of the company’s stock.

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.

Further Reading: Market Capitalization – What it Means for Investors

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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