MetLife Investment Management LLC Has $3.76 Million Stock Position in Aptiv PLC (NYSE:APTV)

MetLife Investment Management LLC trimmed its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,201 shares of the auto parts company's stock after selling 7,014 shares during the quarter. MetLife Investment Management LLC's holdings in Aptiv were worth $3,762,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ossiam grew its position in shares of Aptiv by 1,290.3% in the 4th quarter. Ossiam now owns 2,711 shares of the auto parts company's stock valued at $164,000 after purchasing an additional 2,516 shares during the period. Dimensional Fund Advisors LP lifted its stake in Aptiv by 20.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,541,024 shares of the auto parts company's stock valued at $153,674,000 after buying an additional 433,857 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Aptiv by 15.0% in the fourth quarter. First Trust Advisors LP now owns 1,747,087 shares of the auto parts company's stock valued at $105,664,000 after buying an additional 228,421 shares during the period. GeoWealth Management LLC increased its position in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after acquiring an additional 1,022 shares in the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of Aptiv by 627.4% during the fourth quarter. HITE Hedge Asset Management LLC now owns 488,506 shares of the auto parts company's stock worth $29,545,000 after acquiring an additional 421,347 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Aptiv stock traded up $0.02 during midday trading on Thursday, hitting $57.08. The company's stock had a trading volume of 1,134,824 shares, compared to its average volume of 3,526,691. 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 $13.10 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.56. The company has a 50-day moving average price of $58.80 and a two-hundred day moving average price of $60.22.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.16. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share. As a group, sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI reduced their target price 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. StockNews.com began coverage on Aptiv in a research report on Monday. They set a "hold" rating for the company. Barclays reissued an "equal weight" rating and issued a $55.00 target price (down previously from $80.00) on shares of Aptiv in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Aptiv in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.94.

Insider Transactions at Aptiv

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