Aptiv PLC (NYSE:APTV) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in Aptiv PLC (NYSE:APTV - Free Report) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 913,795 shares of the auto parts company's stock after selling 276,866 shares during the quarter. Janus Henderson Group PLC owned 0.39% of Aptiv worth $55,253,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Aptiv by 11.9% in the 4th 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 acquiring an additional 1,517,104 shares during the period. FMR LLC lifted its position in shares of Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after buying an additional 126,882 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Aptiv by 6.1% in 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of 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 acquiring an additional 468,069 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. Argus upgraded Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Robert W. Baird lowered their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their price objective on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a report on Monday. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and raised their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Aptiv has a consensus rating of "Moderate Buy" and a consensus price target of $82.33.

Aptiv Price Performance

Shares of NYSE:APTV traded down $0.78 during trading on Monday, reaching $67.48. 224,456 shares of the company's stock traded hands, compared to its average volume of 3,509,319. 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 fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company has a 50-day simple moving average of $58.30 and a 200-day simple moving average of $59.60. The firm has a market cap of $14.69 billion, a PE ratio of 9.80, a P/E/G ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter 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. As a group, analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction 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 owns 125,237 shares of the company's stock, valued at $8,203,023.50. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by company insiders.

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.