Swiss National Bank Lowers Position in Aptiv PLC (NYSE:APTV)

Swiss National Bank trimmed its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,800 shares of the auto parts company's stock after selling 56,500 shares during the quarter. Swiss National Bank owned about 0.32% of Aptiv worth $45,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. FMR LLC raised its stake in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock worth $550,759,000 after buying an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock worth $386,103,000 after buying an additional 5,002,090 shares during the period. Franklin Resources Inc. raised its stake in Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock worth $336,861,000 after buying an additional 1,090,766 shares during the period. Victory Capital Management Inc. raised its stake in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock worth $234,799,000 after buying an additional 223,831 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after buying an additional 468,069 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

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Aptiv Stock Performance

Shares of NYSE:APTV traded down $0.24 during trading on Thursday, hitting $62.49. 2,680,958 shares of the company were exchanged, compared to its average volume of 3,237,248. The company has a market cap of $14.34 billion, a PE ratio of 9.08, a P/E/G ratio of 0.62 and a beta of 1.78. The stock has a 50 day moving average of $63.72 and a 200 day moving average of $63.31. Aptiv PLC has a 52-week low of $51.47 and a 52-week 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.

Aptiv (NYSE:APTV - Get Free Report) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, equities research analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Oppenheimer boosted their price objective on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com assumed coverage on Aptiv in a report on Wednesday. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective for the company in a report on Friday, February 7th. Finally, Piper Sandler boosted their price objective on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday. One 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.61.

Insider Activity at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was 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 of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Aptiv Company 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.