Aptiv PLC (NYSE:APTV) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 884,400 shares of the auto parts company's stock after selling 25,500 shares during the period. Swiss National Bank owned approximately 0.31% of Aptiv worth $79,348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the fourth quarter worth $29,000. GAMMA Investing LLC bought a new position in shares of Aptiv in the fourth quarter worth about $32,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Aptiv in the 4th quarter valued at approximately $47,000. BluePath Capital Management LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at approximately $55,000. Finally, 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. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV stock traded up $3.03 during midday trading on Friday, reaching $80.82. 4,769,688 shares of the company's stock traded hands, compared to its average volume of 2,564,622. The stock's 50-day moving average is $76.13 and its 200 day moving average is $80.53. The stock has a market cap of $22.04 billion, a P/E ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Aptiv's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts anticipate that Aptiv PLC will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Aptiv from $80.00 to $79.00 and set a "neutral" rating on the stock in a research note on Thursday, February 1st. Barclays cut their price target on Aptiv from $112.00 to $110.00 and set an "overweight" rating on the stock in a research note on Thursday, April 11th. Morgan Stanley downgraded Aptiv from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. Guggenheim reduced their target price on shares of Aptiv from $103.00 to $92.00 and set a "buy" rating on the stock in a report on Wednesday, April 17th. Finally, Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and a consensus target price of $109.29.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 95,211 shares of the company's stock, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

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.