Aptiv PLC (NYSE:APTV) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its holdings in Aptiv PLC (NYSE:APTV) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,900 shares of the auto parts company’s stock after selling 16,200 shares during the period. Forsta AP Fonden’s holdings in Aptiv were worth $4,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its position in Aptiv by 538.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company’s stock valued at $8,949,000 after purchasing an additional 124,813 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Aptiv by 19.3% during the 4th quarter. Pacer Advisors Inc. now owns 34,808 shares of the auto parts company’s stock valued at $2,105,000 after buying an additional 5,623 shares during the period. KBC Group NV lifted its position in Aptiv by 8.9% during the 4th quarter. KBC Group NV now owns 79,558 shares of the auto parts company’s stock worth $4,812,000 after acquiring an additional 6,488 shares in the last quarter. Olstein Capital Management L.P. grew its position in Aptiv by 25.7% in the fourth quarter. Olstein Capital Management L.P. now owns 137,000 shares of the auto parts company’s stock valued at $8,286,000 after acquiring an additional 28,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Aptiv by 23.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 200,924 shares of the auto parts company’s stock valued at $12,152,000 after purchasing an additional 38,554 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APTV shares. JPMorgan Chase & Co. raised their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Bank of America dropped their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley reduced their price target on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. TD Cowen dropped their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Barclays decreased their price target on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.47.

Aptiv Stock Down 0.9 %

Shares of Aptiv stock opened at $62.35 on Friday. The stock has a market capitalization of $14.66 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.55 and a beta of 1.75. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $88.89. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The business’s 50 day simple moving average is $59.44 and its 200-day simple moving average is $64.58.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period last year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current 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.