Neuberger Berman Group LLC Lowers Stake in Aptiv PLC (NYSE:APTV)

Neuberger Berman Group LLC cut its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 309,560 shares of the auto parts company's stock after selling 281,466 shares during the quarter. Neuberger Berman Group LLC owned 0.13% of Aptiv worth $18,722,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of APTV. Scotia Capital Inc. raised its holdings in Aptiv by 79.4% during the 4th quarter. Scotia Capital Inc. now owns 28,488 shares of the auto parts company's stock worth $1,723,000 after buying an additional 12,604 shares during the period. CenterBook Partners LP purchased a new position in Aptiv during the 4th quarter valued at about $349,000. APG Asset Management N.V. grew its position in Aptiv by 334.8% during the fourth quarter. APG Asset Management N.V. now owns 280,114 shares of the auto parts company's stock valued at $16,360,000 after purchasing an additional 215,690 shares in the last quarter. ACK Asset Management LLC purchased a new stake in Aptiv in the 4th quarter worth approximately $14,515,000. Finally, Greenland Capital Management LP acquired a new position in shares of Aptiv in the fourth quarter worth $245,000. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Oppenheimer increased their price target on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective on the stock. Finally, Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $82.44.

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Aptiv Trading Up 1.5 %

Shares of Aptiv stock traded up $0.73 on Tuesday, reaching $50.83. 2,916,554 shares of the company's stock were exchanged, compared to its average volume of 3,520,156. The company has a market capitalization of $11.66 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm's 50-day moving average is $61.72 and its two-hundred day moving average is $61.49.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly 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 net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value 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 trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.

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.