Man Group plc Sells 56,884 Shares of Aptiv PLC (NYSE:APTV)

Man Group plc decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 27.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,528 shares of the auto parts company’s stock after selling 56,884 shares during the period. Man Group plc’s holdings in Aptiv were worth $9,285,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APTV. Norges Bank bought a new position in shares of Aptiv during the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA boosted its stake in Aptiv by 1,018.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after acquiring an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA grew 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 worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. grew its holdings in Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co increased its stake in Aptiv by 968.7% in the fourth quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after purchasing an additional 824,400 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 0.2%

Shares of NYSE:APTV opened at $68.21 on Monday. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.35. The company has a market capitalization of $14.85 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The business has a fifty day moving average price of $58.30 and a two-hundred day moving average price of $59.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. Analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Piper Sandler raised their target price on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. StockNews.com began coverage on Aptiv in a research note on Wednesday, May 14th. They issued a “hold” rating for the company. Oppenheimer upped their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Evercore ISI cut their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Company 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.