Metis Global Partners LLC Has $1.13 Million Stake in Aptiv PLC (NYSE:APTV)

Metis Global Partners LLC lowered its holdings in Aptiv PLC (NYSE:APTV) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,584 shares of the auto parts company’s stock after selling 550 shares during the quarter. Metis Global Partners LLC’s holdings in Aptiv were worth $1,129,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 65.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock valued at $193,650,000 after purchasing an additional 850,294 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Aptiv by 138.0% during the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Aptiv by 10.7% in the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock valued at $668,843,000 after acquiring an additional 656,845 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Aptiv during the 3rd quarter worth approximately $52,529,000. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several recent research reports. Oppenheimer lowered their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Citigroup reduced their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company dropped their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Piper Sandler reduced their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Robert W. Baird increased their price target on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $108.31.

Aptiv Trading Up 0.2 %

Shares of APTV stock opened at $83.20 on Thursday. The stock has a market cap of $22.64 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $76.35 and a 200 day simple moving average of $80.42. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, research analysts predict that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

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.