Wormser Freres Gestion Has $2.80 Million Position in Aptiv PLC (NYSE:APTV)

Wormser Freres Gestion decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,185 shares of the auto parts company's stock after selling 13,895 shares during the period. Aptiv makes up about 1.7% of Wormser Freres Gestion's investment portfolio, making the stock its 21st largest holding. Wormser Freres Gestion's holdings in Aptiv were worth $2,799,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of APTV. Norges Bank acquired a new position in shares of Aptiv during the 4th quarter worth about $106,492,000. Pictet Asset Management Holding SA raised its holdings in Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after acquiring an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. boosted its position in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the last quarter. Finally, Paloma Partners Management Co grew its stake in Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company's stock valued at $55,007,000 after purchasing an additional 824,400 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Transactions at Aptiv

In related 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 transaction of $954,204.00. Following the sale, the senior vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.45% of the company's stock.

Aptiv Stock Performance

NYSE:APTV traded up $2.23 during mid-day trading on Tuesday, hitting $68.29. 2,199,136 shares of the stock were exchanged, compared to its average volume of 3,509,238. The firm's 50-day simple moving average is $58.76 and its 200 day simple moving average is $60.08. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the company earned $1.16 EPS. The company's revenue was down 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APTV shares. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Barclays upped their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird decreased their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Evercore ISI lowered their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Wall Street Zen began coverage on shares of Aptiv in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.