Empowered Funds LLC Sells 39,866 Shares of Aptiv PLC $APTV

Empowered Funds LLC cut its position in Aptiv PLC (NYSE:APTV) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,279 shares of the auto parts company’s stock after selling 39,866 shares during the quarter. Empowered Funds LLC’s holdings in Aptiv were worth $12,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in APTV. Norges Bank bought a new stake in Aptiv in the 4th quarter valued at about $634,961,000. Balyasny Asset Management L.P. raised its position in shares of Aptiv by 6,711.4% in the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after purchasing an additional 1,413,022 shares during the period. Man Group plc lifted its stake in shares of Aptiv by 155.8% during the 3rd quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after buying an additional 1,245,533 shares in the last quarter. Boston Partners grew its stake in Aptiv by 29.2% in the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after buying an additional 948,327 shares in the last quarter. Finally, Swedbank AB raised its holdings in Aptiv by 164.1% during the 1st quarter. Swedbank AB now owns 1,281,837 shares of the auto parts company’s stock valued at $89,011,000 after acquiring an additional 796,480 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group reduced their price target on Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Oppenheimer reduced their target price on Aptiv from $106.00 to $84.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Royal Bank Of Canada raised their price objective on shares of Aptiv from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Evercore decreased their target price on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, BNP Paribas Exane cut their price target on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Twenty-two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Trading Down 2.4%

Shares of APTV opened at $58.00 on Thursday. Aptiv PLC has a 1-year low of $51.68 and a 1-year high of $88.93. The company has a market capitalization of $12.27 billion, a P/E ratio of 34.32, a P/E/G ratio of 1.11 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The firm’s 50 day simple moving average is $62.09 and its 200 day simple moving average is $67.19.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the firm earned $1.69 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts forecast that Aptiv PLC will post 5.93 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.