Tredje AP fonden Sells 21,115 Shares of Aptiv PLC (NYSE:APTV)

Tredje AP fonden lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,116 shares of the auto parts company’s stock after selling 21,115 shares during the period. Tredje AP fonden’s holdings in Aptiv were worth $1,277,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aptiv in the 4th quarter valued at $6,597,000. HighTower Advisors LLC raised its stake in Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock valued at $887,000 after acquiring an additional 577 shares during the period. Marathon Trading Investment Management LLC bought a new stake in Aptiv in the 4th quarter valued at $1,289,000. Personal CFO Solutions LLC bought a new stake in Aptiv in the 4th quarter valued at $677,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in Aptiv in the 4th quarter valued at $204,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Evercore ISI dropped their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Royal Bank of Canada lifted their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, UBS Group lifted their target price on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Performance

Aptiv stock opened at $63.28 on Friday. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average price is $63.64 and its two-hundred day moving average price is $63.53. The stock has a market cap of $14.52 billion, a PE ratio of 9.20, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its earnings results 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%. As a group, analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

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.