Aptiv PLC (NYSE:APTV) Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,431 shares of the auto parts company's stock after selling 11,600 shares during the quarter. KLP Kapitalforvaltning AS owned 0.06% of Aptiv worth $8,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Aptiv by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 282,787 shares of the auto parts company's stock valued at $16,826,000 after acquiring an additional 9,552 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Aptiv by 89.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 22,411 shares of the auto parts company's stock worth $1,333,000 after purchasing an additional 10,585 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Aptiv by 348.2% in the first quarter. GAMMA Investing LLC now owns 2,752 shares of the auto parts company's stock valued at $164,000 after buying an additional 2,138 shares during the period. Diametric Capital LP acquired a new stake in shares of Aptiv in the fourth quarter valued at about $972,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Aptiv by 8.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company's stock valued at $28,700,000 after buying an additional 35,426 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on APTV. Wall Street Zen raised Aptiv to a "hold" rating in a research note on Saturday, June 21st. Robert W. Baird set a $82.00 price target on Aptiv and gave the company an "outperform" rating in a research report on Friday, July 11th. Wells Fargo & Company lifted their target price on shares of Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Piper Sandler set a $70.00 target price on Aptiv and gave the stock a "neutral" rating in a research report on Thursday, May 22nd. Finally, Bank of America upped their price objective on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of "Moderate Buy" and an average target price of $81.63.

Aptiv Price Performance

NYSE APTV traded up $0.47 during trading hours on Friday, hitting $70.93. 1,801,988 shares of the company's stock traded hands, compared to its average volume of 2,031,056. The firm's 50-day moving average is $68.72 and its 200-day moving average is $63.59. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market capitalization of $15.44 billion, a PE ratio of 11.74, a PEG ratio of 0.78 and a beta of 1.46.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a net margin of 7.93% and a return on equity of 17.24%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. 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.