Invesco Ltd. cut its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,939,576 shares of the auto parts company's stock after selling 877,903 shares during the period. Invesco Ltd. owned approximately 1.68% of Aptiv worth $238,266,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Boston Common Asset Management LLC lifted its holdings in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after buying an additional 188 shares in the last quarter. Horizon Investments LLC lifted its holdings in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after acquiring an additional 219 shares during the last quarter. Westpac Banking Corp lifted its holdings in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after purchasing an additional 341 shares during the last quarter. Providence Capital Advisors LLC boosted its position in Aptiv by 0.4% during the 4th quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company's stock valued at $5,291,000 after purchasing an additional 364 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Aptiv by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company's stock worth $6,149,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 94.21% of the company's stock.
Insider Activity
In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction 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. This trade represents 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. Company insiders own 0.45% of the company's stock.
Aptiv Price Performance
APTV stock traded up $0.10 during mid-day trading on Wednesday, reaching $50.84. 3,080,222 shares of the company's stock were exchanged, compared to its average volume of 3,525,273. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The stock's 50 day moving average is $61.46 and its 200 day moving average is $61.42. 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 current ratio of 1.53 and a quick ratio of 1.07.
Aptiv (NYSE:APTV - Get Free Report) last posted its 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 net margin of 9.07% and a return on equity of 15.63%. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on APTV. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. UBS Group reiterated a "neutral" rating and issued a $58.00 target price (down from $91.00) on shares of Aptiv in a report on Thursday, April 10th. Royal Bank of Canada lifted their target price on Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Piper Sandler raised their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Finally, StockNews.com assumed coverage on shares of Aptiv in a report on Saturday. They set a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.44.
Check Out Our Latest Stock Analysis on Aptiv
Aptiv 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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