Price T Rowe Associates Inc. MD Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 355,062 shares of the auto parts company's stock after selling 50,688 shares during the period. Price T Rowe Associates Inc. MD owned 0.15% of Aptiv worth $21,475,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. South Dakota Investment Council increased 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 purchasing an additional 31,941 shares in the last quarter. Focus Financial Network Inc. bought a new stake in Aptiv in the 4th quarter worth about $379,000. Shorepath Capital Management LLC raised its holdings in shares of Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock valued at $3,998,000 after purchasing an additional 11,835 shares during the last quarter. Diametric Capital LP purchased a new stake in Aptiv during the 4th quarter valued at $972,000. Finally, abrdn plc purchased a new position in shares of Aptiv in the 4th quarter worth $30,374,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 0.3 %

NYSE:APTV traded down $0.20 during midday trading on Monday, hitting $58.77. 1,588,119 shares of the company traded hands, compared to its average volume of 3,498,879. The firm has a market capitalization of $13.48 billion, a P/E ratio of 8.54, a P/E/G ratio of 0.62 and a beta of 1.64. The firm's fifty day moving average is $58.45 and its 200-day moving average is $59.91. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last released its 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. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share. On average, sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

APTV has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a report on Friday, February 7th. Barclays upped their price target on Aptiv from $55.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday. Piper Sandler increased their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Wells Fargo & Company dropped their target price on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.06.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is 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.