Axa S.A. Sells 29,642 Shares of Aptiv PLC (NYSE:APTV)

AXA S.A. reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 67.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,574 shares of the auto parts company's stock after selling 29,642 shares during the quarter. AXA S.A.'s holdings in Aptiv were worth $881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the fourth quarter worth approximately $37,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. GeoWealth Management LLC grew its holdings in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares during the last quarter. Quarry LP acquired a new stake in shares of Aptiv in the 4th quarter worth about $105,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Aptiv Stock Performance

APTV stock traded down $1.66 during midday trading on Thursday, reaching $67.76. 881,735 shares of the company's stock traded hands, compared to its average volume of 3,501,724. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35. The stock's 50-day moving average is $58.13 and its 200 day moving average is $59.67. The stock has a market cap of $14.75 billion, a P/E ratio of 9.84, a PEG ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. As a group, analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APTV shares. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a report on Friday, February 7th. Barclays raised their price objective on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group lifted their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Evercore ISI cut their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $82.06.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components in North America, Europe, Middle East, Africa, the Asia Pacific, South America, and internationally. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates through two segments, Signal and Power Solutions, and Advanced Safety and User Experience.