Alliancebernstein L.P. Decreases Stake in Aptiv PLC (NYSE:APTV)

Alliancebernstein L.P. reduced its stake in Aptiv PLC (NYSE:APTV - Free Report) by 43.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,288,597 shares of the auto parts company's stock after selling 1,740,785 shares during the quarter. Alliancebernstein L.P. owned 0.97% of Aptiv worth $138,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APTV. Hazlett Burt & Watson Inc. increased its stake in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after buying an additional 1,145 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Aptiv by 27.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company's stock worth $355,000 after purchasing an additional 1,271 shares in the last quarter. Allianz SE acquired a new stake in Aptiv in the fourth quarter valued at about $948,000. Allstate Corp purchased a new stake in Aptiv in the 4th quarter valued at approximately $473,000. Finally, Pictet Asset Management Holding SA increased its position in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Upgrades and Downgrades

APTV has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a "neutral" rating to an "outperform" rating and increased their target price for the company from $75.00 to $82.00 in a report on Monday, January 27th. UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Piper Sandler lifted their price objective on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Finally, Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $86.61.

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Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was 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 directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.45% of the company's stock.

Aptiv Trading Down 4.2 %

APTV stock traded down $2.32 on Friday, hitting $53.07. 5,973,052 shares of the company were exchanged, compared to its average volume of 3,451,946. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business's fifty day moving average is $63.55 and its two-hundred day moving average is $62.64. Aptiv PLC has a twelve month low of $50.10 and a twelve month high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv 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.