Verition Fund Management LLC lessened its holdings in Aptiv PLC (NYSE:APTV – Get Rating) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,977 shares of the auto parts company's stock after selling 2,043 shares during the quarter. Verition Fund Management LLC's holdings in Aptiv were worth $356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of APTV. Norges Bank bought a new stake in Aptiv in the 4th quarter valued at $545,022,000. Capital International Investors bought a new stake in Aptiv in the 4th quarter valued at $338,312,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Aptiv in the 1st quarter valued at $161,971,000. Sound Shore Management Inc. CT bought a new stake in Aptiv in the 1st quarter valued at $91,495,000. Finally, Goldman Sachs Group Inc. increased its holdings in Aptiv by 31.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,775,621 shares of the auto parts company's stock valued at $332,270,000 after buying an additional 663,900 shares during the period. Institutional investors own 90.03% of the company's stock.

Aptiv Stock Performance

Aptiv stock opened at $83.55 on Friday. The company has a current ratio of 2.63, a quick ratio of 2.04 and a debt-to-equity ratio of 0.78. Aptiv PLC has a 1 year low of $81.97 and a 1 year high of $180.81. The company has a market cap of $22.64 billion, a PE ratio of 198.93, a PEG ratio of 2.48 and a beta of 2.01. The company's 50-day moving average is $98.38 and its two-hundred day moving average is $101.45.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America lowered their target price on shares of Aptiv from $165.00 to $158.00 and set a "buy" rating on the stock in a report on Friday, September 9th. StockNews.com raised shares of Aptiv from a "sell" rating to a "hold" rating in a report on Thursday, July 28th. Oppenheimer lowered their target price on shares of Aptiv from $172.00 to $162.00 and set an "outperform" rating on the stock in a report on Monday, August 8th. Cowen lowered their target price on shares of Aptiv to $130.00 in a report on Tuesday, August 9th. Finally, Morgan Stanley lowered their target price on shares of Aptiv from $149.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $151.11.

Insider Activity at Aptiv

In related news, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $96.76, for a total value of $644,905.40. Following the sale, the chief executive officer now directly owns 625,887 shares in the company, valued at approximately $60,560,826.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 19,995 shares of company stock worth $1,887,195 in the last ninety days. Company insiders own 0.41% of the company's stock.

Aptiv Company Profile

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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