USS Investment Management Ltd Sells 28,366 Shares of Aptiv PLC (NYSE:APTV)

USS Investment Management Ltd cut its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,313 shares of the auto parts company's stock after selling 28,366 shares during the period. USS Investment Management Ltd's holdings in Aptiv were worth $4,796,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its position in Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. FMR LLC lifted its holdings in Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after buying an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after buying an additional 468,069 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Down 0.5%

Shares of APTV traded down $0.34 during trading hours on Wednesday, reaching $68.06. The stock had a trading volume of 434,414 shares, compared to its average volume of 3,497,057. 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 52 week low of $47.19 and a 52 week high of $85.35. The firm has a 50-day moving average of $58.88 and a 200 day moving average of $60.13. The company has a market cap of $14.82 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. On average, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on APTV shares. Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. TD Cowen started coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. HSBC raised Aptiv from a "hold" rating to a "buy" rating and upped their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Barclays upped their price objective on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Robert W. Baird cut their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.50.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company's stock.

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.