Ameriprise Financial Inc. Lowers Holdings in Aptiv PLC (NYSE:APTV)

Ameriprise Financial Inc. lessened its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 67.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,625 shares of the auto parts company's stock after selling 348,899 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of Aptiv worth $10,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

APTV has been the subject of several recent analyst reports. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. UBS Group increased their target price on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Morgan Stanley cut their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. One equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.

Insider Transactions at Aptiv

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

Aptiv Trading Down 1.3%

Shares of APTV traded down $0.84 during midday trading on Friday, reaching $66.13. The company had a trading volume of 1,530,815 shares, compared to its average volume of 3,514,499. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a 50 day simple moving average of $58.70 and a 200-day simple moving average of $60.01. The stock has a market cap of $14.40 billion, a PE ratio of 9.61, a price-to-earnings-growth 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, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period last year, the business earned $1.16 earnings per share. Aptiv's revenue was down 1.6% compared to the same quarter last year. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal 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.