Aptiv PLC (NYSE:APTV) Stock Position Cut by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd trimmed its stake in shares of Aptiv PLC (NYSE:APTV) by 30.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,908 shares of the auto parts company’s stock after selling 5,253 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Aptiv were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after buying an additional 223,831 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after buying an additional 468,069 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock valued at $168,619,000 after buying an additional 552,066 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APTV. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Barclays raised their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Piper Sandler boosted their target price on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Buying and Selling

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 directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Trading Down 4.2 %

Shares of NYSE:APTV opened at $53.07 on Friday. Aptiv PLC has a 12-month low of $50.10 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 firm has a market capitalization of $12.18 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The firm has a fifty day moving average of $63.55 and a two-hundred day moving average of $62.64.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 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 EPS for the current fiscal year.

Aptiv Company 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.