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T. Rowe Price Equity Income Fund reduced stake in Aptiv PLC

Published 10/13/2020, 12:02 PM
Updated 10/13/2020, 12:30 PM
© Reuters.  T. Rowe Price Equity Income Fund reduced stake in Aptiv PLC

On the 30th of September, the T. Rowe Price Equity Income Fund sold 5.5 million Aptiv PLC (NYSE:APTV) shares for $508 million at an average price of $91.68 per share. Shares of Aptiv PLC are up 7.18% since the transaction.

The T. Rowe Price Equity Income Fund's holding in Aptiv PLC decreased to about 23 million shares with the transaction.

The T. Rowe Price Equity Income Fund first bought Aptiv PLC stock in the fourth quarter of 2011. The T. Rowe Price Equity Income Fund also owns Cubic Corp . (NYSE:CUB), CAE Inc . (NYSE:CAE), Huntington Ingalls Industries Inc (NYSE:HII) and AerCap Holdings N.V. (AER). Aptiv PLC is its number one position by number of shares and market value among aerospace & defense stocks.

Other investors who also reduced their Aptiv PLC shares include Bridgewater Associates, Eaton Vance (NYSE:EV) Management, and Fort Washington Investment Advisors. In contrast, California State Teachers Retirement System, Generation Investment Management, and Sands Capital Management added to APTV shares, while Dodge & Cox, Hexavest Inc., and Soros Fund Management established new holdings in Aptiv PLC.

The T. Rowe Price Equity Income Fund also reduced their share in Becton Dickinson & Co. (NYSE:BDX), J.B.Hunt Transport Services Inc (JBHT), Sensata Technologies Holding N.V. (ST), Visteon Corp (NASDAQ:VC), Workday Inc A (NASDAQ:WDAY), Ollies Bargain Outlet Holdings Inc (OLLI), Carvana Co (NYSE:CVNA), DocuSign Inc (NASDAQ:DOCU), ShockWave Medical, Inc. (SWAV) and Alcon Inc. (NYSE:ALC). The total value of the shares sold is estimated at around $7.1 billion.

Additionally, the T. Rowe Price Equity Income Fund added to their share in Enerpac Tool Group Corp. (NYSE:EPAC), Vail Resorts Inc (NYSE:MTN), Packaging Corp of America (NYSE:PKG), Lumber Liquidators Holdings, In (NYSE:LL), Howard Bancorp, Inc. (NASDAQ:HBMD), Thermon Group Holdings, Inc. (NYSE:THR), Dunkin Brands Group Inc (DNKN), Matson , Inc. (NYSE:MATX), Constellium SE (NYSE:CSTM), Wix.com Ltd (NASDAQ:WIX), Xencor, Inc. (NASDAQ:XNCR), Professional Holding Corp. (PFHD), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Match Group, Inc (NASDAQ:MTCH), Bill.com Holdings, Inc. (NYSE:BILL), Slack Technologies Inc (NYSE:WORK), NexTier Oilfield Solutions Inc. (NEX), Avalara, Inc. (NYSE:AVLR), Palomar Holdings, Inc. (NASDAQ:PLMR), Crowdstrike Holdings (CRWD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $6.5 billion.

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