Aptiv PLC (NYSE:APTV) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 631,680 shares of the auto parts company's stock after selling 368,203 shares during the period. Jennison Associates LLC owned 0.22% of Aptiv worth $56,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv in the 4th quarter valued at about $29,000. BluePath Capital Management LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at approximately $55,000. TFC Financial Management Inc. raised its position in shares of Aptiv by 44.5% in the 3rd quarter. TFC Financial Management Inc. now owns 614 shares of the auto parts company's stock valued at $61,000 after buying an additional 189 shares in the last quarter. Huntington National Bank increased its position in Aptiv by 248.9% during the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company's stock worth $63,000 after purchasing an additional 458 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Aptiv during the 3rd quarter worth approximately $82,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APTV shares. Wells Fargo & Company lowered their price objective on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Citigroup reduced their price target on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, February 1st. Piper Sandler reduced their price target on shares of Aptiv from $80.00 to $79.00 and set a "neutral" rating for the company in a report on Thursday, February 1st. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Finally, Morgan Stanley cut shares of Aptiv from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.93.

Aptiv Stock Up 1.6 %

Shares of APTV traded up $1.15 during trading hours on Wednesday, reaching $71.40. 1,860,681 shares of the stock traded hands, compared to its average volume of 2,649,761. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $76.82 and a 200 day simple moving average of $81.77. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. On average, equities analysts forecast that Aptiv PLC will post 5.62 EPS for the current year.

Insiders Place Their Bets

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

Aptiv Company 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.