Lazard Asset Management LLC Sells 20,111 Shares of Aptiv PLC (NYSE:APTV)

Lazard Asset Management LLC trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,201 shares of the auto parts company's stock after selling 20,111 shares during the period. Lazard Asset Management LLC owned about 0.08% of Aptiv worth $10,898,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA grew its position in Aptiv by 11.9% in 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 in the last quarter. FMR LLC boosted its stake in shares of 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 during the last quarter. Franklin Resources Inc. grew 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 acquiring an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Aptiv by 19.6% during the fourth 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 institutional investors.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the 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 sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company's stock.

Aptiv Stock Performance

NYSE APTV traded up $0.21 on Tuesday, reaching $67.55. The stock had a trading volume of 275,611 shares, compared to its average volume of 3,502,817. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market cap of $14.71 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The firm has a fifty day moving average of $58.37 and a two-hundred day moving average of $59.68. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating 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 business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Aptiv's revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and raised their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Raymond James restated a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Evercore ISI cut their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $82.33.

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.