Aptiv PLC (NYSE:APTV) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,629 shares of the auto parts company's stock after selling 21,710 shares during the quarter. Handelsbanken Fonder AB's holdings in Aptiv were worth $5,214,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the fourth quarter valued at about $37,000. Versant Capital Management Inc lifted its holdings in shares of Aptiv by 201.7% in the first quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after purchasing an additional 470 shares in the last quarter. UMB Bank n.a. purchased a new stake in shares of Aptiv in the first quarter valued at about $48,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Aptiv by 164.7% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company's stock valued at $81,000 after purchasing an additional 848 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings 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 valued at $92,000 after purchasing an additional 1,022 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on APTV shares. UBS Group upped their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Robert W. Baird reduced their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley reduced their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. TD Cowen initiated coverage on shares of Aptiv in a research note on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Guggenheim downgraded shares of Aptiv from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

Aptiv Trading Down 3.7%

Shares of Aptiv stock traded down $2.55 during trading hours on Friday, hitting $67.13. The company's stock had a trading volume of 2,103,225 shares, compared to its average volume of 3,484,126. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The business has a fifty day moving average of $61.06 and a 200 day moving average of $61.31. The company has a market capitalization of $14.62 billion, a PE ratio of 9.76, a P/E/G ratio of 0.62 and a beta of 1.47. 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 (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 company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business's quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv 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.