Capital World Investors Reduces Stock Position in Aptiv PLC (NYSE:APTV)

Capital World Investors trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 57.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,012,143 shares of the auto parts company's stock after selling 2,695,309 shares during the period. Capital World Investors owned 0.86% of Aptiv worth $121,694,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the 4th quarter worth about $37,000. CENTRAL TRUST Co increased its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. GeoWealth Management LLC raised its holdings in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after purchasing an additional 1,022 shares during the period. Hazlett Burt & Watson Inc. boosted its position in shares of Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock worth $110,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after buying an additional 186 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

Shares of APTV traded up $0.94 during mid-day trading on Friday, hitting $56.00. The stock had a trading volume of 1,451,946 shares, compared to its average volume of 3,530,583. The firm has a market cap of $12.85 billion, a P/E ratio of 8.14, a PEG ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52 week low of $47.19 and a 52 week 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. The business has a fifty day moving average price of $59.61 and a 200-day moving average price of $60.61.

Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results 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%. On average, equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APTV shares. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. HSBC raised Aptiv from a "hold" rating to a "buy" rating and boosted their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a report on Friday, February 7th. UBS Group restated a "neutral" rating and set a $58.00 target price (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. Finally, Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. One investment 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 stock. According to MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $81.94.

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.