Aptiv PLC (NYSE:APTV) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in Aptiv PLC (NYSE:APTV) by 37.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,359 shares of the auto parts company’s stock after selling 22,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aptiv were worth $2,259,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC boosted its stake in Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after purchasing an additional 388,045 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APTV has been the topic of several research analyst reports. Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group raised their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. Guggenheim reiterated a “buy” rating and set a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company lifted their price objective on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Stock Down 0.6 %

APTV opened at $66.22 on Thursday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock’s fifty day moving average is $62.56 and its 200-day moving average is $63.94. The company has a market capitalization of $15.19 billion, a PE ratio of 9.63, a P/E/G ratio of 0.62 and a beta of 1.74.

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

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.