Capital World Investors Sells 2,695,309 Shares of Aptiv PLC (NYSE:APTV)

Capital World Investors decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 57.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,012,143 shares of the auto parts company’s stock after selling 2,695,309 shares during the period. Capital World Investors’ holdings in Aptiv were worth $121,694,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new position in shares of Aptiv in the fourth quarter valued at approximately $37,000. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the period. GeoWealth Management LLC grew its position in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,022 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Aptiv by 163.1% during the 4th 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 in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and boosted their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Piper Sandler raised their target price on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Robert W. Baird cut their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company raised their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.44.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.45% of the company’s stock.

Aptiv Stock Up 2.0 %

NYSE APTV opened at $51.75 on Monday. The stock has a market capitalization of $11.87 billion, a PE ratio of 7.52, a PEG ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The business’s 50-day moving average is $60.70 and its 200 day moving average is $60.96. 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 announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current 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.