Aviva PLC Trims Position in Aptiv PLC (NYSE:APTV)

Aviva PLC reduced its holdings in Aptiv PLC (NYSE:APTV) by 44.5% during the 4th quarter, Holdings Channel reports. The fund owned 282,146 shares of the auto parts company’s stock after selling 226,597 shares during the period. Aviva PLC’s holdings in Aptiv were worth $17,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after buying an additional 1,408,433 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after buying an additional 223,831 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after buying an additional 468,069 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Aptiv by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock worth $168,619,000 after acquiring an additional 552,066 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 research analysts have issued reports on the company. Evercore ISI decreased their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. UBS Group increased their price target on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays upped their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

Aptiv Price Performance

Shares of NYSE APTV opened at $52.02 on Tuesday. The firm has a 50-day simple moving average of $63.30 and a 200-day simple moving average of $62.46. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52 week low of $50.07 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

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.