Van ECK Associates Corp Has $1.31 Million Stake in Aptiv PLC (NYSE:APTV)

Van ECK Associates Corp reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,556 shares of the auto parts company's stock after selling 11,019 shares during the period. Van ECK Associates Corp's holdings in Aptiv were worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APTV. Assetmark Inc. boosted its position in shares of Aptiv by 7.8% during the 3rd quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company's stock worth $175,000 after acquiring an additional 129 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company's stock valued at $578,000 after purchasing an additional 145 shares in the last quarter. Bangor Savings Bank increased its stake in Aptiv by 1.4% in the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company's stock valued at $1,045,000 after purchasing an additional 163 shares during the last quarter. Nova R Wealth Inc. raised its holdings in Aptiv by 2.5% during the fourth quarter. Nova R Wealth Inc. now owns 9,436 shares of the auto parts company's stock worth $847,000 after purchasing an additional 234 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Aptiv by 2.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 10,850 shares of the auto parts company's stock worth $1,070,000 after buying an additional 253 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business's stock in a transaction on Monday, March 11th. The stock was 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 directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Aptiv Price Performance

Shares of NYSE:APTV traded down $0.91 during midday trading on Friday, hitting $82.78. 2,041,692 shares of the stock were exchanged, compared to its average volume of 2,723,432. The stock has a market cap of $22.52 billion, a P/E ratio of 7.80, a PEG ratio of 0.97 and a beta of 1.90. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60. The company has a 50 day moving average price of $76.52 and a 200-day moving average price of $80.46. The company has a current ratio of 1.29, a quick ratio of 0.89 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 for the quarter, topping analysts' consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. On average, research analysts forecast that Aptiv PLC will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on APTV. Royal Bank of Canada dropped their price target on Aptiv from $115.00 to $104.00 and set an "outperform" rating on the stock in a research note on Thursday, February 1st. Oppenheimer decreased their price target on Aptiv from $148.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, May 3rd. UBS Group boosted their price objective on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Wells Fargo & Company reduced their target price on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Finally, Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Aptiv presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.31.

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.