Charles Schwab Investment Management Inc. lessened its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,511,495 shares of the auto parts company's stock after selling 108,744 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of Aptiv worth $91,415,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Harris Associates L P acquired a new stake in Aptiv during the third quarter worth approximately $162,640,000. Point72 Asset Management L.P. purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $143,909,000. FMR LLC boosted its holdings in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Price Performance
Shares of NYSE:APTV traded down $1.54 during trading on Thursday, hitting $62.22. 3,128,619 shares of the stock were exchanged, compared to its average volume of 3,410,228. The company has a market cap of $14.28 billion, a PE ratio of 9.04, a P/E/G ratio of 0.62 and a beta of 1.78. 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 fifty day moving average price of $63.55 and a two-hundred day moving average price of $63.60. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.
Insider Activity at Aptiv
In other Aptiv 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 transaction of $954,204.00. Following the sale, the senior vice president now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on APTV shares. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 price target for the company. Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and upped their target price for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Oppenheimer lifted their price target on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Raymond James reissued a "market perform" rating on shares of Aptiv in a report on Monday, February 3rd. Finally, HSBC raised shares of 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 report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Aptiv currently has an average rating of "Moderate Buy" and a consensus price target of $86.50.
View Our Latest Stock Report on APTV
Aptiv Company Profile
(
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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