Slow Capital Inc. Decreases Holdings in Aptiv PLC (NYSE:APTV)

Slow Capital Inc. decreased its position in shares of Aptiv PLC (NYSE:APTV) by 5.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 26,114 shares of the auto parts company’s stock after selling 1,509 shares during the period. Slow Capital Inc.’s holdings in Aptiv were worth $2,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APTV. Norges Bank purchased a new stake in Aptiv in the 4th quarter valued at approximately $382,261,000. Price T Rowe Associates Inc. MD raised its holdings in Aptiv by 350.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company’s stock valued at $305,605,000 after acquiring an additional 2,119,819 shares during the last quarter. Vanguard Group Inc. raised its holdings in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after acquiring an additional 1,265,774 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Aptiv by 65.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after acquiring an additional 850,294 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Aptiv by 138.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after acquiring an additional 747,666 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer cut their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company cut their price target on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. UBS Group boosted their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, Barclays dropped their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $111.14.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Aptiv Stock Down 1.5 %

NYSE APTV traded down $1.07 during trading hours on Wednesday, hitting $71.94. The company had a trading volume of 1,789,752 shares, compared to its average volume of 2,011,799. Aptiv PLC has a fifty-two week low of $71.01 and a fifty-two week high of $113.60. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.94 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The firm’s 50 day moving average is $78.16 and its 200 day moving average is $82.76.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Sell-side analysts anticipate that Aptiv PLC will post 5.66 earnings per share for the current fiscal year.

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.