AMF Tjanstepension AB Has $6.68 Million Holdings in Aptiv PLC (NYSE:APTV)

AMF Tjanstepension AB reduced its holdings in Aptiv PLC (NYSE:APTV) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,462 shares of the auto parts company’s stock after selling 6,581 shares during the quarter. AMF Tjanstepension AB’s holdings in Aptiv were worth $6,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brown Brothers Harriman & Co. lifted its holdings in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Aptiv during the 3rd quarter worth $43,000. Brooklyn Investment Group acquired a new position in Aptiv during the 3rd quarter worth $43,000. CENTRAL TRUST Co lifted its holdings in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Aptiv during the 3rd quarter worth $64,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Up 2.6 %

Aptiv stock opened at $66.81 on Friday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.62 and a beta of 1.78. The firm has a 50-day moving average of $63.34 and a 200-day moving average of $63.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on APTV shares. Evercore ISI reduced their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a report on Monday, January 27th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their target price for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. Finally, StockNews.com assumed coverage on shares of Aptiv in a research report on Monday, March 3rd. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.