Sumitomo Mitsui DS Asset Management Company Ltd Reduces Stake in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Aptiv PLC (NYSE:APTV - Free Report) by 15.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,069 shares of the auto parts company's stock after selling 5,301 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Aptiv were worth $1,730,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Covestor Ltd increased its stake in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 186 shares in the last quarter. Horizon Investments LLC increased its position in Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after buying an additional 219 shares in the last quarter. OLD Second National Bank of Aurora increased its position in Aptiv by 1.0% during the first quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company's stock worth $1,461,000 after buying an additional 239 shares in the last quarter. ProShare Advisors LLC increased its position in Aptiv by 0.5% during the fourth quarter. ProShare Advisors LLC now owns 51,722 shares of the auto parts company's stock worth $3,128,000 after buying an additional 248 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after buying an additional 341 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wall Street Zen raised Aptiv to a "hold" rating in a research report on Saturday, June 21st. UBS Group raised their price target on Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Cowen assumed coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target for the company. Royal Bank Of Canada raised their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Finally, Robert W. Baird decreased their price objective on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and a consensus price target of $81.61.

Aptiv Price Performance

Shares of Aptiv stock opened at $72.42 on Friday. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $80.95. The stock has a market capitalization of $15.77 billion, a P/E ratio of 11.99, a PEG ratio of 0.81 and a beta of 1.46. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 0.83. The business's fifty day moving average price is $66.19 and its 200 day moving average price is $62.51.

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, 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 quarter last year, the firm earned $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

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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