Mirae Asset Global Investments Co. Ltd. Sells 8,974 Shares of Aptiv PLC (NYSE:APTV)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,873 shares of the auto parts company's stock after selling 8,974 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Aptiv were worth $1,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APTV. Picton Mahoney Asset Management purchased a new position in Aptiv during the 4th quarter valued at about $37,000. Versant Capital Management Inc grew its stake in shares of Aptiv by 201.7% in the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company's stock valued at $42,000 after buying an additional 470 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Aptiv in the 1st quarter valued at approximately $48,000. Blue Trust Inc. grew its stake in shares of Aptiv by 48.4% in the 1st quarter. Blue Trust Inc. now owns 1,245 shares of the auto parts company's stock valued at $74,000 after buying an additional 406 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Aptiv by 164.7% in 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 buying an additional 848 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Bank of America boosted their price target on Aptiv from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen raised Aptiv to a "hold" rating in a research report on Saturday, June 21st. Wells Fargo & Company upped their price target on Aptiv from $85.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, UBS Group upped their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.61.

Aptiv Price Performance

NYSE:APTV traded up $0.23 during trading hours on Friday, reaching $72.42. The company had a trading volume of 1,048,551 shares, compared to its average volume of 3,392,648. The stock has a 50-day moving average of $66.19 and a two-hundred day moving average of $62.55. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95. The firm has a market capitalization of $15.77 billion, a PE ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83.

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 for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The business's revenue was down 1.6% compared to the same quarter last year. Analysts forecast that Aptiv PLC will post 7.2 earnings per share 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.