Commerce Bank Has $213,000 Stake in Aptiv PLC (NYSE:APTV)

Commerce Bank reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 59.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,525 shares of the auto parts company's stock after selling 5,260 shares during the quarter. Commerce Bank's holdings in Aptiv were worth $213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. South Dakota Investment Council increased its stake in shares of Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after buying an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new stake in Aptiv during the 4th quarter worth about $379,000. Shorepath Capital Management LLC increased its position in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Diametric Capital LP acquired a new position in shares of Aptiv during the fourth quarter worth approximately $972,000. Finally, abrdn plc bought a new stake in shares of Aptiv during the fourth quarter valued at approximately $30,374,000. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APTV. Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Evercore ISI decreased their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Argus upgraded Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. UBS Group restated a "neutral" rating and set a $58.00 target price (down from $91.00) on shares of Aptiv in a research report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and an average target price of $81.94.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Aptiv Stock Down 1.2 %

NYSE APTV traded down $0.70 during trading hours on Wednesday, hitting $56.95. 3,439,333 shares of the company traded hands, compared to its average volume of 3,535,839. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.56. The business's 50-day moving average is $58.80 and its 200-day moving average is $60.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

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.