Nuveen Asset Management LLC Lowers Stock Position in Aptiv PLC (NYSE:APTV)

Nuveen Asset Management LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 711,289 shares of the auto parts company's stock after selling 57,578 shares during the period. Nuveen Asset Management LLC owned approximately 0.30% of Aptiv worth $43,019,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in APTV. Arkadios Wealth Advisors raised its holdings in Aptiv by 14.4% in the 4th quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company's stock worth $247,000 after acquiring an additional 515 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Aptiv by 169.1% in the fourth quarter. Gilman Hill Asset Management LLC now owns 45,875 shares of the auto parts company's stock worth $2,775,000 after buying an additional 28,828 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Aptiv by 5.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company's stock worth $715,000 after acquiring an additional 624 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Aptiv by 44.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company's stock worth $2,255,000 after purchasing an additional 11,469 shares in the last quarter. Finally, Dakota Wealth Management purchased a new stake in Aptiv in the 4th quarter worth $596,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Aptiv stock opened at $67.34 on Tuesday. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.35. The firm has a 50-day moving average of $58.37 and a two-hundred day moving average of $59.68.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. 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 prior year, the business earned $1.16 EPS. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. Evercore ISI cut their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Oppenheimer raised their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Raymond James reissued a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and a consensus target price of $82.33.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

About Aptiv

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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