Worldquant Millennium Advisors LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,382 shares of the auto parts company's stock after selling 89,658 shares during the period. Worldquant Millennium Advisors LLC's holdings in Aptiv were worth $2,987,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of APTV. Woodline Partners LP bought a new stake in Aptiv in the 4th quarter valued at about $854,000. Westwood Holdings Group Inc. purchased a new stake in shares of Aptiv in the 4th quarter worth about $13,933,000. Wexford Capital LP bought a new stake in Aptiv during the 4th quarter valued at approximately $1,046,000. Tidal Investments LLC grew its stake in Aptiv by 146.7% in the fourth quarter. Tidal Investments LLC now owns 38,266 shares of the auto parts company's stock worth $2,314,000 after purchasing an additional 22,757 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of Aptiv by 1.3% during the fourth quarter. Rafferty Asset Management LLC now owns 25,669 shares of the auto parts company's stock valued at $1,552,000 after purchasing an additional 341 shares in the last quarter. Institutional investors own 94.21% of the company's stock.
Aptiv Trading Down 0.5%
Shares of APTV traded down $0.34 during midday trading on Wednesday, reaching $68.06. The company had a trading volume of 434,414 shares, compared to its average volume of 3,497,057. 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 PLC has a 1-year low of $47.19 and a 1-year high of $85.35. The firm has a 50 day simple moving average of $58.88 and a 200-day simple moving average of $60.13. The stock has a market cap of $14.82 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.
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, beating 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 business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $1.16 earnings per share. The business's revenue for the quarter 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.
Insider Activity
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on APTV. HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and lifted their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. Barclays increased their price target on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Morgan Stanley cut their price objective on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Finally, Robert W. Baird lowered their target price on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.50.
Read Our Latest Research Report on APTV
Aptiv Company Profile
(
Free Report)
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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