Daiwa Securities Group Inc. Sells 32,135 Shares of Aptiv PLC (NYSE:APTV)

Daiwa Securities Group Inc. trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 33.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 64,799 shares of the auto parts company’s stock after selling 32,135 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Aptiv were worth $3,919,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Aptiv by 1.1% during the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after purchasing an additional 3,400 shares during the period. Assetmark Inc. boosted its position in shares of Aptiv by 15.8% during the 3rd quarter. Assetmark Inc. now owns 3,837 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 523 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Aptiv in the 3rd quarter valued at about $639,000. Finally, GSA Capital Partners LLP bought a new stake in Aptiv in the 3rd quarter valued at about $364,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the topic of several recent research reports. Royal Bank of Canada increased their price target on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Guggenheim reiterated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Barclays upped their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Oppenheimer lifted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $86.50.

Aptiv Price Performance

Shares of NYSE APTV opened at $63.75 on Thursday. The firm has a market capitalization of $14.63 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $63.55 and its two-hundred day simple moving average is $63.60. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

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

Insider Activity

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Aptiv 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.