Mirova US LLC Sells 80,114 Shares of Aptiv PLC (NYSE:APTV)

Mirova US LLC reduced its stake in Aptiv PLC (NYSE:APTV - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,599,731 shares of the auto parts company's stock after selling 80,114 shares during the period. Aptiv makes up 1.9% of Mirova US LLC's portfolio, making the stock its 21st biggest position. Mirova US LLC owned approximately 1.11% of Aptiv worth $157,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after acquiring an additional 409 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the fourth quarter valued at $37,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter valued at $43,000. CENTRAL TRUST Co boosted its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after buying an additional 677 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Aptiv during the third quarter valued at $64,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm'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 sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

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Aptiv Price Performance

NYSE APTV traded down $0.09 during trading on Friday, hitting $62.40. 9,010,698 shares of the stock traded hands, compared to its average volume of 3,267,443. The company has a market capitalization of $14.32 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The firm has a 50-day simple moving average of $63.82 and a 200-day simple moving average of $63.24. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. 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 announced 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%. As a group, analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on APTV shares. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a research report on Friday, February 7th. Guggenheim reaffirmed a "buy" rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. StockNews.com started coverage on Aptiv in a report on Wednesday. They issued a "hold" rating on the stock. Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and increased their target price for the company from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Evercore ISI decreased their price objective 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 research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued 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 price target of $86.61.

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.