Aptiv PLC (NYSE:APTV) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden reduced its holdings in Aptiv PLC by 47.4% during the first quarter, owning 41,500 shares after selling 37,400 shares, valued at approximately $2.47 million.
• Several institutional investors have increased their stakes in Aptiv, with Wells Fargo raising its holdings by 6.5% to 292,313 shares valued at around $17.68 million.
• Aptiv reported strong earnings, with $2.12 EPS exceeding analyst estimates of $1.83, and a revenue of $5.21 billion for the quarter, representing a 3.1% year-over-year increase.

Forsta AP Fonden cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 47.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,500 shares of the auto parts company's stock after selling 37,400 shares during the quarter. Forsta AP Fonden's holdings in Aptiv were worth $2,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APTV. Wells Fargo & Company MN boosted its holdings in Aptiv by 6.5% in the 4th quarter. Wells Fargo & Company MN now owns 292,313 shares of the auto parts company's stock valued at $17,679,000 after purchasing an additional 17,881 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Aptiv by 34.3% in the 4th quarter. Sterling Capital Management LLC now owns 13,947 shares of the auto parts company's stock valued at $844,000 after purchasing an additional 3,565 shares during the last quarter. Causeway Capital Management LLC boosted its holdings in Aptiv by 7.8% in the 4th quarter. Causeway Capital Management LLC now owns 509,649 shares of the auto parts company's stock valued at $30,824,000 after purchasing an additional 36,760 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Aptiv in the 4th quarter valued at about $1,906,000. Finally, Guggenheim Capital LLC boosted its holdings in Aptiv by 6.8% in the 4th quarter. Guggenheim Capital LLC now owns 14,641 shares of the auto parts company's stock valued at $885,000 after purchasing an additional 927 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APTV has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a report on Monday, June 16th. Royal Bank Of Canada boosted their price target on shares of Aptiv from $85.00 to $92.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Oppenheimer reissued an "outperform" rating and issued a $88.00 price target (up from $84.00) on shares of Aptiv in a research note on Monday, August 4th. Robert W. Baird set a $82.00 price target on shares of Aptiv and gave the company an "outperform" rating in a research note on Friday, July 11th. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, ten 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 a consensus rating of "Moderate Buy" and an average target price of $81.50.

Aptiv Trading Down 0.2%

Shares of Aptiv stock opened at $66.80 on Tuesday. The company has a fifty day simple moving average of $68.64 and a 200-day simple moving average of $64.01. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $75.41. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.79. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.75 and a beta of 1.48.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, July 31st. The auto parts company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Aptiv had a net margin of 5.12% and a return on equity of 18.46%. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $5.02 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities 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.

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