Assenagon Asset Management S.A. Sells 8,120 Shares of Aptiv PLC (NYSE:APTV)

Assenagon Asset Management S.A. reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 46.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,299 shares of the auto parts company's stock after selling 8,120 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Aptiv were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in APTV. Picton Mahoney Asset Management bought a new position in shares of Aptiv during the 4th quarter valued at approximately $37,000. Versant Capital Management Inc boosted its position in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after acquiring an additional 470 shares during the last quarter. UMB Bank n.a. bought a new position in shares of Aptiv during the 1st quarter valued at approximately $48,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Aptiv by 164.7% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after acquiring an additional 848 shares during the last quarter. Finally, GeoWealth Management LLC boosted its position in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,022 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of Aptiv stock opened at $67.68 on Friday. The firm has a market cap of $14.74 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.76 and a beta of 1.47. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $80.95. The stock's fifty day moving average price is $62.35 and its 200-day moving average price is $61.61.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 earnings per share. On average, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen assumed coverage on Aptiv in a research report on Thursday, May 22nd. They set a "hold" rating for the company. UBS Group raised their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Cowen began coverage on Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Wells Fargo & Company raised their price target on Aptiv from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Finally, Royal Bank Of Canada raised their price target on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.56.

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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