Sumitomo Life Insurance Co. Has $322,000 Position in Aptiv PLC (NYSE:APTV)

Sumitomo Life Insurance Co. decreased its stake in Aptiv PLC (NYSE:APTV - Free Report) by 67.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,320 shares of the auto parts company's stock after selling 11,170 shares during the period. Sumitomo Life Insurance Co.'s holdings in Aptiv were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its stake in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. Wolff Wiese Magana LLC lifted its holdings in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company's stock worth $36,000 after buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Aptiv in the third quarter worth $43,000. Brooklyn Investment Group acquired a new stake in Aptiv during the third quarter valued at approximately $43,000. Finally, Mather Group LLC. lifted its stake in Aptiv by 36.9% during the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

APTV has been the subject of several analyst reports. StockNews.com began coverage on Aptiv in a research report on Thursday. They set a "hold" rating for the company. Bank of America decreased their price target on shares of Aptiv from $105.00 to $102.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday. TD Cowen lowered their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $75.00 to $82.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.47.

Aptiv Trading Up 0.3 %

Shares of APTV opened at $62.88 on Friday. The stock has a fifty day moving average price of $59.25 and a two-hundred day moving average price of $64.59. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.55 and a beta of 1.75. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $88.89.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts predict that Aptiv PLC will post 6.18 EPS for the current fiscal year.

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.