The Manufacturers Life Insurance Company Lowers Holdings in Aptiv PLC (NYSE:APTV)

The Manufacturers Life Insurance Company decreased its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,948 shares of the auto parts company's stock after selling 83,593 shares during the period. The Manufacturers Life Insurance Company owned 0.11% of Aptiv worth $15,298,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in APTV. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the 4th quarter valued at about $37,000. CENTRAL TRUST Co raised its holdings in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of Aptiv by 203.2% in 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 in the last quarter. Quarry LP acquired a new position in shares of Aptiv during the 4th quarter worth about $105,000. Finally, Hazlett Burt & Watson Inc. raised its stake in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after buying an additional 1,145 shares during the period. 94.21% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI decreased their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. StockNews.com initiated coverage on shares of Aptiv in a research report on Tuesday. They issued a "hold" rating on the stock. UBS Group increased their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating for the company in a report on Friday. Finally, Robert W. Baird dropped their price target on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $82.06.

Aptiv Price Performance

NYSE:APTV traded down $0.53 during mid-day trading on Tuesday, reaching $58.26. 2,141,913 shares of the company were exchanged, compared to its average volume of 3,489,263. The company has a fifty day moving average of $58.30 and a 200 day moving average of $59.82. The stock has a market cap of $13.37 billion, a PE ratio of 8.47, a PEG ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. On average, research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Aptiv 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.