Silvercrest Asset Management Group LLC Buys 1,381 Shares of Aptiv PLC (NYSE:APTV)

Silvercrest Asset Management Group LLC boosted its stake in Aptiv PLC (NYSE:APTV) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,775 shares of the auto parts company’s stock after acquiring an additional 1,381 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Aptiv were worth $3,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APTV. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Aptiv by 7.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 31,515 shares of the auto parts company’s stock worth $2,505,000 after buying an additional 2,299 shares in the last quarter. ETF Managers Group LLC lifted its holdings in shares of Aptiv by 10.8% in the 1st quarter. ETF Managers Group LLC now owns 1,696 shares of the auto parts company’s stock worth $135,000 after purchasing an additional 166 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of Aptiv by 120.9% in the 1st quarter. Great Lakes Advisors LLC now owns 25,239 shares of the auto parts company’s stock worth $2,006,000 after purchasing an additional 13,814 shares in the last quarter. Keybank National Association OH purchased a new stake in Aptiv in the 1st quarter valued at $590,000. Finally, Greenleaf Trust purchased a new stake in Aptiv in the 1st quarter valued at $221,000. Institutional investors and hedge funds own 95.19% of the company’s stock.

APTV has been the subject of a number of analyst reports. Cowen increased their price target on Aptiv from $95.00 to $102.00 and gave the company a “top pick” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on Aptiv from $67.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, June 28th. Citigroup increased their price target on Aptiv from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird increased their price target on Aptiv from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Bank of America lowered Aptiv from a “buy” rating to a “neutral” rating in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and a consensus price target of $92.50.



Shares of APTV stock traded down $2.05 on Friday, hitting $87.42. 49,891 shares of the stock were exchanged, compared to its average volume of 929,452. The company has a current ratio of 1.22, a quick ratio of 0.89 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $22.97 billion, a PE ratio of 16.78, a P/E/G ratio of 1.58 and a beta of 2.08. Aptiv PLC has a one year low of $58.80 and a one year high of $92.98. The firm’s 50 day moving average is $84.53 and its two-hundred day moving average is $80.87.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.20. Aptiv had a return on equity of 34.92% and a net margin of 6.86%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that Aptiv PLC will post 5.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.88 annualized dividend and a yield of 1.01%. Aptiv’s dividend payout ratio is currently 16.73%.

In other Aptiv news, CAO Allan J. Brazier sold 4,752 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $90.00, for a total value of $427,680.00. Also, CFO Joseph R. Massaro sold 2,800 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $89.56, for a total value of $250,768.00. 0.40% of the stock is owned by company insiders.

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.

Further Reading: Oversold

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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