Nuveen Asset Management LLC Has $43.02 Million Position in Aptiv PLC (NYSE:APTV)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in APTV. South Dakota Investment Council grew its holdings in shares of Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after acquiring an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new position in Aptiv during the fourth quarter valued at $379,000. Diametric Capital LP purchased a new position in Aptiv during the fourth quarter valued at $972,000. abrdn plc purchased a new position in Aptiv during the fourth quarter valued at $30,374,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in Aptiv by 538.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock valued at $8,949,000 after purchasing an additional 124,813 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 1.3%

Shares of NYSE APTV traded down $0.84 during midday trading on Friday, reaching $66.13. The company had a trading volume of 1,530,815 shares, compared to its average volume of 3,514,499. The firm's fifty day moving average price is $58.70 and its 200-day moving average price is $60.01. The stock has a market cap of $14.40 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. 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 PLC has a one year low of $47.19 and a one year high of $85.35.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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 company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APTV. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and boosted their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Barclays boosted their price objective on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a research note on Friday, February 7th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.50.

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.