Nisa Investment Advisors LLC trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,412 shares of the auto parts company's stock after selling 15,485 shares during the period. Nisa Investment Advisors LLC's holdings in Aptiv were worth $2,280,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Norges Bank bought a new stake in Aptiv in the fourth quarter worth $382,261,000. Price T Rowe Associates Inc. MD boosted its holdings in Aptiv by 350.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company's stock worth $305,605,000 after acquiring an additional 2,119,819 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company's stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Aptiv by 138.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company's stock valued at $127,121,000 after purchasing an additional 747,666 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Aptiv by 31.4% during the first quarter. Goldman Sachs Group Inc. now owns 2,775,621 shares of the auto parts company's stock valued at $332,270,000 after purchasing an additional 663,900 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, SVP Benjamin Lyon sold 18,680 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.34% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on APTV shares. Barclays lowered their price target on Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a report on Thursday. UBS Group increased their target price on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a "neutral" rating on the stock in a report on Thursday, February 1st. Oppenheimer lowered their target price on Aptiv from $149.00 to $148.00 and set an "outperform" rating on the stock in a report on Thursday, February 1st. Finally, Guggenheim lowered their target price on Aptiv from $120.00 to $103.00 and set a "buy" rating on the stock in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.14.
Check Out Our Latest Report on APTV
Aptiv Trading Down 2.1 %
Shares of Aptiv stock traded down $1.58 on Friday, reaching $74.19. The company had a trading volume of 1,745,687 shares, compared to its average volume of 2,115,098. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.95 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The firm's 50-day moving average price is $78.59 and its two-hundred day moving average price is $83.13. Aptiv PLC has a 1 year low of $71.01 and a 1 year high of $113.60.
Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.95 billion. As a group, research analysts predict that Aptiv PLC will post 5.66 earnings per share for the current fiscal year.
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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