Legal & General Group Plc Decreases Stock Position in Aptiv PLC (NYSE:APTV)

Legal & General Group Plc cut its holdings in Aptiv PLC (NYSE:APTV) by 23.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,720,215 shares of the auto parts company’s stock after selling 534,885 shares during the period. Legal & General Group Plc’s holdings in Aptiv were worth $104,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in Aptiv in the 3rd quarter worth about $234,000. Quantinno Capital Management LP grew its stake in shares of Aptiv by 141.5% in the third quarter. Quantinno Capital Management LP now owns 14,350 shares of the auto parts company’s stock worth $1,033,000 after acquiring an additional 8,407 shares during the period. Wellington Management Group LLP raised its holdings in shares of Aptiv by 1.5% during the third quarter. Wellington Management Group LLP now owns 539,042 shares of the auto parts company’s stock valued at $38,816,000 after purchasing an additional 7,908 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Aptiv during the third quarter valued at approximately $537,000. Finally, Virtu Financial LLC purchased a new stake in Aptiv in the third quarter worth approximately $783,000. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’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 transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on APTV. Barclays boosted their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised 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. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Finally, HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.78.

Aptiv Stock Performance

APTV opened at $49.38 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.62 and a beta of 1.64. The company has a fifty day moving average of $62.21 and a 200 day moving average of $61.89. Aptiv PLC has a fifty-two week low of $47.78 and a fifty-two week high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.