Cetera Investment Advisers Lowers Stake in Aptiv PLC (NYSE:APTV)

Cetera Investment Advisers reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 22.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,293 shares of the auto parts company's stock after selling 9,486 shares during the quarter. Cetera Investment Advisers' holdings in Aptiv were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APTV. Norges Bank bought a new position in Aptiv in the 4th quarter worth $106,492,000. Pictet Asset Management Holding SA raised its holdings in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. grew its position in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co grew its position in shares of Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock worth $55,007,000 after buying an additional 824,400 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company's stock.

Aptiv Stock Performance

Shares of NYSE APTV traded down $0.84 during trading on Friday, reaching $66.13. 1,530,815 shares of the company traded hands, compared to its average volume of 3,514,499. The firm has a 50 day simple moving average of $58.70 and a 200-day simple moving average of $60.01. 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 stock has a market capitalization of $14.40 billion, a PE ratio of 9.61, a P/E/G ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. Equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APTV. UBS Group upped their target price on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and upped their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Evercore ISI reduced their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

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.