Aptiv PLC (NYSE:APTV) Shares Sold by Forsta AP Fonden

Forsta AP Fonden trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,900 shares of the auto parts company’s stock after selling 16,200 shares during the period. Forsta AP Fonden’s holdings in Aptiv were worth $4,772,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Aptiv by 1,390.6% in the third 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 valued at $386,103,000 after acquiring an additional 5,002,090 shares during the period. Harris Associates L P purchased a new position in shares of Aptiv in the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the third quarter valued at about $143,909,000. FMR LLC grew its position in Aptiv by 20.4% during the third 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. Finally, Franklin Resources Inc. increased its holdings in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APTV shares. Barclays lowered their price target on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft cut their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Royal Bank of Canada lowered their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley lowered their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

Shares of APTV stock opened at $62.35 on Friday. 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 firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.75. Aptiv PLC has a one year low of $51.47 and a one year high of $88.89. The company has a 50 day moving average price of $59.44 and a 200 day moving average price of $64.58.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 6.18 EPS for the current year.

About Aptiv

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.