Barrow Hanley Mewhinney & Strauss LLC Decreases Position in Aptiv PLC (NYSE:APTV)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Aptiv PLC (NYSE:APTV) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,338,877 shares of the auto parts company’s stock after selling 157,365 shares during the period. Aptiv comprises 1.5% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 23rd largest position. Barrow Hanley Mewhinney & Strauss LLC owned 3.12% of Aptiv worth $443,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Harris Associates L P purchased a new position in Aptiv during the 3rd quarter valued at about $162,640,000. Point72 Asset Management L.P. purchased a new position in Aptiv in the third quarter worth about $143,909,000. Norges Bank bought a new stake in Aptiv during the fourth quarter valued at approximately $106,492,000. Pictet Asset Management Holding SA grew its holdings 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 valued at $102,262,000 after purchasing an additional 1,539,724 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of 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 in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Down 2.7 %

Shares of NYSE APTV opened at $60.58 on Friday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The firm has a market cap of $13.90 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business has a fifty day simple moving average of $64.05 and a two-hundred day simple moving average of $63.01. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research analyst reports. Royal Bank of Canada boosted 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 restated a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. TD Cowen assumed coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and raised their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

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.