Handelsbanken Fonder AB Sells 179,005 Shares of Aptiv PLC (NYSE:APTV)

Handelsbanken Fonder AB lessened its holdings in Aptiv PLC (NYSE:APTV) by 56.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 140,791 shares of the auto parts company’s stock after selling 179,005 shares during the period. Handelsbanken Fonder AB’s holdings in Aptiv were worth $12,632,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after acquiring an additional 1,265,774 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Aptiv by 7.1% in the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after buying an additional 483,157 shares during the period. American Century Companies Inc. lifted its holdings in shares of Aptiv by 1.1% in the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after buying an additional 53,288 shares during the period. Morgan Stanley lifted its holdings in shares of Aptiv by 6.0% in the 3rd quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock worth $325,572,000 after buying an additional 187,046 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Aptiv by 0.4% in the 3rd quarter. Lazard Asset Management LLC now owns 3,017,928 shares of the auto parts company’s stock worth $297,536,000 after buying an additional 12,435 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 0.2 %

Aptiv stock opened at $70.25 on Wednesday. The stock has a 50-day moving average of $76.97 and a two-hundred day moving average of $81.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The stock has a market cap of $19.16 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. On average, research analysts anticipate that Aptiv PLC will post 5.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APTV. Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company lowered their target price on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Royal Bank of Canada decreased their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Finally, UBS Group upped their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.93.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.

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.