Sumitomo Mitsui DS Asset Management Company Ltd lessened its holdings in Aptiv PLC (NYSE:APTV – Get Rating) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,369 shares of the auto parts company's stock after selling 753 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Aptiv were worth $3,507,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. American International Group Inc. lifted its stake in shares of Aptiv by 15.0% during the fourth quarter. American International Group Inc. now owns 99,640 shares of the auto parts company's stock valued at $16,436,000 after buying an additional 13,021 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Aptiv by 5.4% during the fourth quarter. Hilltop Holdings Inc. now owns 4,687 shares of the auto parts company's stock valued at $774,000 after buying an additional 242 shares during the period. Fiduciary Trust Co. lifted its stake in shares of Aptiv by 2.1% during the fourth quarter. Fiduciary Trust Co. now owns 13,451 shares of the auto parts company's stock valued at $2,218,000 after buying an additional 272 shares during the period. Glassman Wealth Services purchased a new position in shares of Aptiv during the fourth quarter valued at approximately $56,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Aptiv by 2.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 30,770 shares of the auto parts company's stock valued at $5,076,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.
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In other news, CEO Kevin P. Clark sold 6,665 shares of the company's stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $89.36, for a total value of $595,584.40. Following the completion of the transaction, the chief executive officer now directly owns 639,217 shares in the company, valued at $57,120,431.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 19,995 shares of company stock worth $1,887,195. 0.41% of the stock is currently owned by company insiders.
Aptiv Price Performance
Shares of APTV stock opened at $90.85 on Thursday. The company has a market capitalization of $24.61 billion, a PE ratio of 216.31, a price-to-earnings-growth ratio of 2.75 and a beta of 2.01. The firm has a fifty day simple moving average of $98.55 and a 200-day simple moving average of $101.66. 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 twelve month low of $84.14 and a twelve month high of $180.81.Aptiv (NYSE:APTV – Get Rating) last announced its earnings results on Thursday, August 4th. The auto parts company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.36). The firm had revenue of $4.10 billion during the quarter, compared to analysts' expectations of $4.08 billion. Aptiv had a net margin of 1.10% and a return on equity of 6.01%. Aptiv's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Aptiv PLC will post 3.2 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
APTV has been the topic of several recent analyst reports. Oppenheimer reduced their price objective on shares of Aptiv from $172.00 to $162.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th. Raymond James dropped their price target on shares of Aptiv from $158.00 to $145.00 in a research report on Friday, August 5th. The Goldman Sachs Group dropped their price target on shares of Aptiv from $150.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, June 1st. StockNews.com raised shares of Aptiv from a "sell" rating to a "hold" rating in a research report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $136.00 to $132.00 and set a "buy" rating for the company in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.11.
Aptiv 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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