Sumitomo Mitsui DS Asset Management Company Ltd Reduces Position in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,583 shares of the auto parts company’s stock after selling 1,278 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aptiv were worth $8,396,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. raised its position in shares of Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the 4th quarter worth approximately $29,000. FWL Investment Management LLC purchased a new stake in Aptiv during the 4th quarter valued at $30,000. BluePath Capital Management LLC purchased a new stake in Aptiv during the 3rd quarter valued at about $55,000. Finally, KB Financial Partners LLC bought a new stake in Aptiv during the 1st quarter worth approximately $56,000. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

APTV has been the subject of several research analyst reports. Robert W. Baird lowered shares of Aptiv from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company lowered their target price on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. UBS Group lifted their target price on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, Barclays cut their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.36.

Aptiv Trading Up 0.4 %

APTV opened at $69.63 on Monday. The stock has a market capitalization of $18.99 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.89 and a beta of 1.90. Aptiv PLC has a 12 month low of $68.84 and a 12 month high of $113.60. The firm’s fifty day simple moving average is $77.42 and its 200 day simple moving average is $82.20. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last announced its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, research analysts anticipate that Aptiv PLC will post 5.63 EPS for the current fiscal year.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction 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 approximately $7,396,942.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.