Mirova US LLC Sells 80,114 Shares of Aptiv PLC (NYSE:APTV)

Mirova US LLC trimmed its stake in Aptiv PLC (NYSE:APTV) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,599,731 shares of the auto parts company’s stock after selling 80,114 shares during the period. Aptiv accounts for about 1.9% of Mirova US LLC’s investment portfolio, making the stock its 21st largest position. Mirova US LLC owned approximately 1.11% of Aptiv worth $157,232,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APTV. South Dakota Investment Council lifted its holdings in shares of Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after buying an additional 31,941 shares during the last quarter. Focus Financial Network Inc. acquired a new position in shares of Aptiv during the fourth quarter worth approximately $379,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after buying an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Aptiv during the third quarter worth approximately $14,893,000. Finally, Shorepath Capital Management LLC lifted its holdings in shares of Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now 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 filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Aptiv Price Performance

Aptiv stock opened at $62.75 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The firm has a market cap of $14.40 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.62 and a beta of 1.78. The business’s fifty day moving average is $63.67 and its two-hundred day moving average is $63.38.

Aptiv (NYSE:APTV) last issued 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 return on equity of 15.63% and a net margin of 9.07%. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of research analyst reports. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. StockNews.com initiated coverage on Aptiv in a research report on Tuesday, March 11th. They set a “hold” rating on the stock. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Aptiv 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.