MetLife Investment Management LLC Lowers Holdings in Aptiv PLC (NYSE:APTV)

MetLife Investment Management LLC trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,201 shares of the auto parts company's stock after selling 7,014 shares during the quarter. MetLife Investment Management LLC's holdings in Aptiv were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. FMR LLC boosted its holdings in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock valued at $470,247,000 after acquiring an additional 126,882 shares during the last quarter. Franklin Resources Inc. lifted its position in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after purchasing an additional 1,408,433 shares during the period. Victory Capital Management Inc. boosted its holdings in Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after purchasing an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after purchasing an additional 468,069 shares during the period. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

NYSE:APTV traded up $1.45 during trading hours on Tuesday, reaching $57.73. 1,864,444 shares of the company were exchanged, compared to its average volume of 3,530,333. The firm has a market cap of $13.25 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The stock's 50-day moving average is $59.19 and its 200-day moving average is $60.26. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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 on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $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 is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APTV. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. StockNews.com initiated coverage on shares of Aptiv in a research report on Monday. They issued a "hold" rating for the company. Oppenheimer lifted their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $81.94.

Aptiv 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.