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

Wormser Freres Gestion reduced its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,185 shares of the auto parts company's stock after selling 13,895 shares during the quarter. Aptiv comprises about 1.7% of Wormser Freres Gestion's portfolio, making the stock its 21st biggest position. Wormser Freres Gestion's holdings in Aptiv were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of APTV. Formidable Asset Management LLC acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $460,000. GTS Securities LLC lifted its stake in shares of Aptiv by 224.8% in the 4th quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company's stock valued at $470,000 after purchasing an additional 13,993 shares during the period. Inspire Trust Co. N.A. boosted its position in shares of Aptiv by 10.7% in the 4th quarter. Inspire Trust Co. N.A. now owns 31,000 shares of the auto parts company's stock worth $1,875,000 after purchasing an additional 3,000 shares during the last quarter. Woodline Partners LP bought a new stake in Aptiv in the fourth quarter valued at about $854,000. Finally, Westwood Holdings Group Inc. bought a new position in Aptiv during the fourth quarter worth about $13,933,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Aptiv Stock Performance

NYSE:APTV traded up $0.42 on Thursday, hitting $68.13. The company's stock had a trading volume of 546,300 shares, compared to its average volume of 3,495,789. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The firm has a market capitalization of $14.83 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The stock has a fifty day moving average of $58.99 and a two-hundred day moving average of $60.19. 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 posted 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. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the firm earned $1.16 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APTV. Barclays increased their target price on shares of Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group lifted their price objective on Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Raymond James reissued a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a "buy" rating and a $90.00 price target on the stock. Finally, Piper Sandler set a $70.00 price target on shares of Aptiv and gave the company a "neutral" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus target price of $82.50.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

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.