Russell Investments Group Ltd. cut its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 644,166 shares of the auto parts company's stock after selling 29,257 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.27% of Aptiv worth $38,831,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in APTV. Norges Bank purchased a new stake in shares of Aptiv during the fourth quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA increased its position in shares of Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company's stock valued at $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% during 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 during the period. Franklin Resources Inc. boosted its holdings in shares of 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 buying an additional 1,408,433 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock valued at $168,619,000 after buying an additional 552,066 shares during the period. 94.21% of the stock is owned by institutional investors.
Insider Buying and Selling at Aptiv
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on APTV shares. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. UBS Group reiterated a "neutral" rating and set a $58.00 price target (down previously from $91.00) on shares of Aptiv in a research note on Thursday. Finally, Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.78.
Read Our Latest Report on APTV
Aptiv Price Performance
Shares of NYSE:APTV traded down $1.42 on Friday, hitting $48.00. The company's stock had a trading volume of 4,486,209 shares, compared to its average volume of 3,514,916. 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 capitalization of $11.01 billion, a PE ratio of 6.98, a PEG ratio of 0.62 and a beta of 1.64. The company has a 50-day simple moving average of $61.94 and a 200 day simple moving average of $61.66.
Aptiv (NYSE:APTV - Get Free Report) last announced its 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%. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Aptiv Company Profile
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Free Report)
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.
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