Point72 Asset Management L.P. Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Point72 Asset Management L.P. cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,379,160 shares of the auto parts company's stock after selling 619,294 shares during the quarter. Point72 Asset Management L.P. owned about 0.59% of Aptiv worth $83,412,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. South Dakota Investment Council raised its stake in Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock valued at $7,799,000 after acquiring an additional 31,941 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in shares of Aptiv during the fourth quarter worth approximately $379,000. Diametric Capital LP acquired a new stake in shares of Aptiv during the fourth quarter worth $972,000. abrdn plc acquired a new position in Aptiv in the 4th quarter valued at $30,374,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Aptiv by 538.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company's stock worth $8,949,000 after buying an additional 124,813 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Up 0.5%

Shares of NYSE APTV traded up $0.36 on Tuesday, reaching $67.70. 479,024 shares of the company traded hands, compared to its average volume of 3,395,815. The stock has a market capitalization of $14.74 billion, a PE ratio of 9.84, a P/E/G ratio of 0.62 and a beta of 1.44. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $58.37 and a 200 day moving average of $59.68.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Aptiv's revenue was down 1.6% on a year-over-year basis. On average, equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on APTV. Robert W. Baird reduced their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley decreased their price target on Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday. Barclays raised their target price on Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Guggenheim lowered their price target on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.33.

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.