Wellington Management Group LLP Sells 55,883 Shares of Aptiv PLC (NYSE:APTV)

Wellington Management Group LLP trimmed its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 483,159 shares of the auto parts company's stock after selling 55,883 shares during the period. Wellington Management Group LLP owned 0.21% of Aptiv worth $29,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APTV. South Dakota Investment Council lifted its stake in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after acquiring an additional 31,941 shares during the last quarter. Focus Financial Network Inc. acquired a new position in shares of Aptiv during the 4th quarter valued at $379,000. Diametric Capital LP bought a new stake in Aptiv during the 4th quarter valued at $972,000. abrdn plc bought a new position in Aptiv during the fourth quarter valued at about $30,374,000. Finally, Ninety One North America Inc. lifted its holdings in Aptiv by 2.6% during the fourth quarter. Ninety One North America Inc. now owns 189,967 shares of the auto parts company's stock valued at $11,489,000 after purchasing an additional 4,884 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

APTV stock traded down $1.11 during trading on Wednesday, reaching $65.78. 1,047,659 shares of the stock were exchanged, compared to its average volume of 3,488,902. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.04. The company has a market capitalization of $14.32 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The stock has a 50 day simple moving average of $59.20 and a 200-day simple moving average of $60.55. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

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 for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. As a group, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on 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 transaction, the senior vice president now owns 125,237 shares in the company, 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 SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APTV. Barclays increased their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Piper Sandler set a $70.00 price target on Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. Oppenheimer raised their price objective on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. TD Cowen began 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. Finally, Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.50.

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.