Geode Capital Management LLC Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

Geode Capital Management LLC cut its stake in Aptiv PLC (NYSE:APTV) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,837,599 shares of the auto parts company’s stock after selling 587,709 shares during the period. Geode Capital Management LLC’s holdings in Aptiv were worth $352,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the 4th quarter valued at approximately $37,000. CENTRAL TRUST Co grew its position in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares during the period. Hazlett Burt & Watson Inc. raised its position in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 1,145 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 918 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Aptiv during the 4th quarter worth $204,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $53.07 on Friday. The firm has a market capitalization of $12.18 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52 week low of $50.10 and a 52 week high of $85.56. The firm’s 50 day moving average is $63.55 and its two-hundred day moving average is $62.69.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research report on Friday, February 7th. StockNews.com started coverage on shares of Aptiv in a report on Friday. They issued a “hold” rating for the company. Royal Bank of Canada upped their price target on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Evercore ISI dropped their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

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.