Janus Henderson Group PLC Sells 23,554 Shares of Aptiv PLC $APTV

Janus Henderson Group PLC decreased its position in Aptiv PLC (NYSE:APTV) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,575,088 shares of the auto parts company’s stock after selling 23,554 shares during the quarter. Janus Henderson Group PLC’s holdings in Aptiv were worth $109,351,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after buying an additional 419,375 shares in the last quarter. Norges Bank bought a new stake in Aptiv in the 4th quarter valued at approximately $634,961,000. Geode Capital Management LLC boosted its position in Aptiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after acquiring an additional 99,876 shares during the last quarter. Boston Partners boosted its position in Aptiv by 29.2% during the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after acquiring an additional 948,327 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Aptiv by 9.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,831,441 shares of the auto parts company’s stock worth $261,381,000 after acquiring an additional 315,824 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $56.51 on Friday. The company has a market cap of $11.96 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.08 and a beta of 1.46. The firm has a 50-day moving average of $62.12 and a 200-day moving average of $66.90. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the firm earned $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Aptiv PLC will post 5.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Aptiv from $84.00 to $75.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. Barclays cut their price target on shares of Aptiv from $77.00 to $73.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. BNP Paribas Exane lowered their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. Finally, Wells Fargo & Company dropped their target price on Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, June 25th. Twenty-two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $82.50.

Insider Transactions at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares in the company, valued at $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by corporate insiders.

Aptiv Company Profile

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.