Mirova US LLC Has $239.20 Million Position in Aptiv PLC (NYSE:APTV)

Mirova US LLC reduced its position in Aptiv PLC (NYSE:APTV - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,666,073 shares of the auto parts company's stock after selling 19,083 shares during the period. Aptiv comprises 3.6% of Mirova US LLC's holdings, making the stock its 13th largest position. Mirova US LLC owned about 0.94% of Aptiv worth $239,200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company's stock worth $3,092,966,000 after buying an additional 1,265,774 shares during the period. Impax Asset Management Group plc lifted its position in Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company's stock worth $651,978,000 after acquiring an additional 483,157 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Aptiv by 2.2% during the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company's stock worth $628,481,000 after acquiring an additional 123,352 shares during the period. American Century Companies Inc. grew its position in shares of Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company's stock valued at $496,706,000 after purchasing an additional 53,288 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Aptiv during the fourth quarter worth approximately $382,261,000. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of Aptiv stock traded down $2.59 during midday trading on Wednesday, hitting $69.35. 3,711,526 shares of the company traded hands, compared to its average volume of 2,703,897. The firm's fifty day moving average price is $78.16 and its 200-day moving average price is $82.76. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.94 and a beta of 1.90. Aptiv PLC has a 12 month low of $69.30 and a 12 month high of $113.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. As a group, sell-side analysts forecast that Aptiv PLC will post 5.66 earnings per share for the current year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares of the company's stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APTV. Wells Fargo & Company decreased their price objective on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Oppenheimer cut their price objective on shares of Aptiv from $149.00 to $148.00 and set an "outperform" rating for the company in a report on Thursday, February 1st. Citigroup lowered their target price on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, February 1st. Finally, Robert W. Baird cut Aptiv from an "outperform" rating to a "neutral" rating and cut their price target for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.36.

About Aptiv

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.