Vontobel Holding Ltd. trimmed its holdings in shares of Aptiv PLC (NYSE:APTV – Free Report) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 54,027 shares of the auto parts company’s stock after selling 1,117 shares during the quarter. Vontobel Holding Ltd.’s holdings in Aptiv were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its stake in shares of Aptiv by 1.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,760 shares of the auto parts company’s stock valued at $581,000 after purchasing an additional 160 shares during the period. AlTi Global Inc. lifted its stake in shares of Aptiv by 1.6% in the 1st quarter. AlTi Global Inc. now owns 10,677 shares of the auto parts company’s stock valued at $635,000 after purchasing an additional 173 shares during the period. Stephens Inc. AR lifted its stake in shares of Aptiv by 5.4% in the 1st quarter. Stephens Inc. AR now owns 3,941 shares of the auto parts company’s stock valued at $234,000 after purchasing an additional 201 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Aptiv by 2.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,443 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 235 shares during the period. Finally, OLD Second National Bank of Aurora lifted its stake in shares of Aptiv by 1.0% in the 1st quarter. OLD Second National Bank of Aurora now owns 24,547 shares of the auto parts company’s stock valued at $1,461,000 after purchasing an additional 239 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Price Performance
Aptiv stock opened at $80.70 on Friday. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $88.80. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 0.92 and a beta of 1.55. The company has a fifty day simple moving average of $79.62 and a 200-day simple moving average of $69.24. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.79.
Insider Activity
In related news, CAO Allan J. Brazier sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer owned 49,820 shares of the company’s stock, valued at approximately $4,234,700. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.
Analyst Upgrades and Downgrades
APTV has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Aptiv from $103.00 to $106.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. UBS Group boosted their price target on shares of Aptiv from $75.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Royal Bank Of Canada boosted their price target on shares of Aptiv from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup assumed coverage on shares of Aptiv in a report on Friday. They issued a “buy” rating and a $109.00 price target for the company. Finally, Morgan Stanley boosted their price target on shares of Aptiv from $55.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.88.
View Our Latest Analysis on APTV
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.
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