Aviva PLC cut its stake in Aptiv PLC (NYSE:APTV - Free Report) by 44.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,146 shares of the auto parts company's stock after selling 226,597 shares during the quarter. Aviva PLC owned approximately 0.12% of Aptiv worth $17,064,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Aptiv in the 3rd quarter worth approximately $234,000. Royal London Asset Management Ltd. raised its stake in shares of Aptiv by 10.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 109,504 shares of the auto parts company's stock valued at $7,885,000 after acquiring an additional 10,226 shares during the period. Quantinno Capital Management LP boosted its position in shares of Aptiv by 141.5% during the third quarter. Quantinno Capital Management LP now owns 14,350 shares of the auto parts company's stock worth $1,033,000 after buying an additional 8,407 shares during the period. Wellington Management Group LLP lifted its position in shares of Aptiv by 1.5% during the third quarter. Wellington Management Group LLP now owns 539,042 shares of the auto parts company's stock worth $38,816,000 after purchasing an additional 7,908 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in shares of Aptiv by 5.7% in the third quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company's stock worth $447,000 after acquiring an additional 337 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.
Aptiv Trading Down 2.9 %
Shares of APTV traded down $1.42 during trading hours on Friday, hitting $48.00. The stock had a trading volume of 4,486,209 shares, compared to its average volume of 3,514,916. The company's fifty day simple moving average is $61.94 and its 200 day simple moving average is $61.66. The firm has a market cap of $11.01 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. Equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Insiders Place Their Bets
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.45% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Argus upgraded Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Evercore ISI lowered their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and lifted their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. UBS Group restated a "neutral" rating and issued a $58.00 price target (down from $91.00) on shares of Aptiv in a research note on Thursday. Finally, Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.78.
Get Our Latest Analysis on APTV
About Aptiv
(
Free Report)
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.
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