Sumitomo Mitsui DS Asset Management Company Ltd cut its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,370 shares of the auto parts company's stock after selling 11,044 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Aptiv were worth $2,079,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of APTV. Brown Brothers Harriman & Co. boosted its holdings in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after buying an additional 409 shares during the period. Wolff Wiese Magana LLC boosted 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 during the period. Capital Performance Advisors LLP bought a new position in Aptiv in the 3rd quarter worth approximately $43,000. Brooklyn Investment Group bought a new position in Aptiv in the 3rd quarter worth approximately $43,000. Finally, Mather Group LLC. boosted its holdings in Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company's stock worth $47,000 after buying an additional 176 shares during the period. 94.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
APTV has been the subject of several analyst reports. Barclays raised their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Friday, February 7th. UBS Group raised their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, StockNews.com initiated coverage on shares of Aptiv in a report on Friday, February 7th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $85.61.
Check Out Our Latest Stock Analysis on APTV
Aptiv Trading Up 1.0 %
Shares of APTV stock traded up $0.65 during mid-day trading on Friday, reaching $67.06. The stock had a trading volume of 2,121,450 shares, compared to its average volume of 3,331,342. The stock's 50-day moving average price is $60.94 and its two-hundred day moving average price is $64.12. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm has a market capitalization of $15.39 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87.
Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Aptiv PLC will post 7.14 earnings per share for the current fiscal year.
About Aptiv
(
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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