Zurcher Kantonalbank Zurich Cantonalbank Sells 26,330 Shares of Aptiv PLC (NYSE:APTV)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,071 shares of the auto parts company's stock after selling 26,330 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Aptiv were worth $5,145,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Common Asset Management LLC grew its position in Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock worth $249,000 after purchasing an additional 188 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock valued at $334,000 after buying an additional 218 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Aptiv by 4.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,119 shares of the auto parts company's stock valued at $585,000 after buying an additional 310 shares during the period. Metis Global Partners LLC lifted its stake in Aptiv by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 13,130 shares of the auto parts company's stock worth $945,000 after acquiring an additional 316 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its position in Aptiv by 5.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company's stock worth $447,000 after acquiring an additional 337 shares during the period. Institutional investors and hedge funds own 94.21% of the company's stock.

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Analyst Ratings Changes

APTV has been the subject of a number of research analyst reports. Oppenheimer increased their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Guggenheim reiterated a "buy" rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Robert W. Baird upgraded shares of Aptiv from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $75.00 to $82.00 in a report on Monday, January 27th. Hsbc Global Res upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, TD Cowen began coverage on Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price objective 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 presently has an average rating of "Moderate Buy" and a consensus price target of $86.50.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Aptiv Stock Performance

NYSE APTV traded up $0.09 during trading on Tuesday, hitting $62.74. The company's stock had a trading volume of 3,146,266 shares, compared to its average volume of 3,226,216. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The firm has a market cap of $14.39 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The firm has a 50 day moving average price of $63.67 and a 200 day moving average price of $63.38.

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 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 research analysts forecast that Aptiv PLC will post 7.2 earnings per share 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.