Aptiv PLC (NYSE:APTV) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,720,215 shares of the auto parts company's stock after selling 534,885 shares during the quarter. Legal & General Group Plc owned approximately 0.73% of Aptiv worth $104,039,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Aptiv during the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA grew its holdings in shares of Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock worth $102,262,000 after buying an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after buying an additional 1,517,104 shares during the period. Franklin Resources Inc. grew its stake in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after acquiring an additional 1,408,433 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Aptiv by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after purchasing an additional 552,066 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms recently weighed in on APTV. Robert W. Baird reduced their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday. Barclays reaffirmed an "equal weight" rating and set a $55.00 price target (down previously from $80.00) on shares of Aptiv in a research report on Tuesday. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Royal Bank of Canada boosted their price target on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Piper Sandler boosted their target price on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.44.

Aptiv Stock Up 2.0 %

APTV traded up $0.99 during trading on Wednesday, hitting $51.73. The company had a trading volume of 893,445 shares, compared to its average volume of 3,719,481. Aptiv PLC has a 1-year low of $47.19 and a 1-year 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 company has a market cap of $11.87 billion, a PE ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64. The business has a 50-day moving average of $61.46 and a 200-day moving average of $61.42.

Aptiv (NYSE:APTV - Get Free Report) last announced 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, analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In other 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 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. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Aptiv Company 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.