Prudential Financial Inc. Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Prudential Financial Inc. cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 56.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,879 shares of the auto parts company's stock after selling 39,347 shares during the period. Prudential Financial Inc.'s holdings in Aptiv were worth $1,807,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Picton Mahoney Asset Management bought a new position in Aptiv during the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co raised its holdings in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 918 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Aptiv in the 3rd quarter valued at $212,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Aptiv in the third quarter valued at about $234,000. Institutional investors own 94.21% of the company's stock.

Aptiv Trading Up 10.2 %

Shares of Aptiv stock traded up $5.05 during trading on Wednesday, hitting $54.41. 7,430,370 shares of the company were exchanged, compared to its average volume of 3,479,605. Aptiv PLC has a 1-year low of $47.61 and a 1-year high of $85.56. The firm has a market capitalization of $12.48 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. 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 firm's fifty day moving average price is $62.43 and its 200 day moving average price is $62.05.

Remove Ads

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) 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%. As a group, sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

APTV has been the subject of a number of research analyst reports. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and raised their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a report on Friday, February 7th. Argus upgraded shares of Aptiv to a "strong-buy" rating in a research report on Tuesday, February 11th. Piper Sandler increased their price objective on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Wells Fargo & Company boosted their target price on Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $86.61.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.