Nan Shan Life Insurance Co. Ltd. lowered its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 704,860 shares of the auto parts company's stock after selling 172,036 shares during the period. Nan Shan Life Insurance Co. Ltd. owned about 0.30% of Aptiv worth $42,630,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management purchased a new position in shares of Aptiv during the 4th quarter valued at $37,000. CENTRAL TRUST Co lifted its position in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after buying an additional 677 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after buying an additional 1,022 shares during the last quarter. Quarry LP purchased a new position in shares of Aptiv during the 4th quarter valued at $105,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after buying an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.
Aptiv Price Performance
NYSE APTV traded up $0.11 during trading on Friday, reaching $68.21. The company's stock had a trading volume of 1,765,220 shares, compared to its average volume of 3,515,606. The stock has a market capitalization of $14.85 billion, a PE ratio of 9.91, a P/E/G ratio of 0.62 and a beta of 1.44. 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 firm has a fifty day moving average of $58.30 and a 200 day moving average of $59.65. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35.
Aptiv (NYSE:APTV - Get Free Report) last announced 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. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The company's quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 EPS. Analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $82.06.
Check Out Our Latest Stock Report on Aptiv
Insider Activity
In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company's stock.
About Aptiv
(
Free Report)
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.
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