Man Group plc lowered its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,528 shares of the auto parts company's stock after selling 56,884 shares during the period. Man Group plc owned about 0.07% of Aptiv worth $9,285,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in shares of Aptiv in the fourth quarter worth approximately $37,000. CENTRAL TRUST Co increased its position in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares in the last quarter. GeoWealth Management LLC increased its position 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 worth $92,000 after acquiring an additional 1,022 shares in the last quarter. Quarry LP purchased a new position in shares of Aptiv in the fourth quarter worth approximately $105,000. Finally, Covestor Ltd increased its position in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by insiders.
Analysts Set New Price Targets
APTV has been the topic of several analyst reports. Barclays lifted their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Royal Bank of Canada boosted their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating 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. Finally, Piper Sandler set a $70.00 price objective on shares of Aptiv and gave the company a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.50.
Read Our Latest Report on APTV
Aptiv Stock Performance
Shares of Aptiv stock traded down $0.84 on Friday, reaching $66.13. The stock had a trading volume of 1,530,815 shares, compared to its average volume of 3,514,499. The business's 50-day moving average price is $58.70 and its two-hundred day moving average price is $59.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The stock has a market cap of $14.40 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44.
Aptiv (NYSE:APTV - Get Free Report) last issued 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. 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 analysts' expectations of $4.78 billion. During the same period in the previous year, the company earned $1.16 earnings per share. Aptiv's revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.
Aptiv Company Profile
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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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