Geode Capital Management LLC Sells 587,709 Shares of Aptiv PLC (NYSE:APTV)

Geode Capital Management LLC reduced its position in Aptiv PLC (NYSE:APTV) by 9.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,837,599 shares of the auto parts company’s stock after selling 587,709 shares during the period. Geode Capital Management LLC owned 2.48% of Aptiv worth $352,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Diametric Capital LP purchased a new position in Aptiv in the fourth quarter worth $972,000. Franklin Resources Inc. grew its stake in Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares during the last quarter. Hazlett Burt & Watson Inc. increased its position in Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after buying an additional 1,145 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Aptiv by 27.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,870 shares of the auto parts company’s stock valued at $355,000 after buying an additional 1,271 shares during the last quarter. Finally, Allianz SE acquired a new stake in Aptiv in the fourth quarter worth about $948,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APTV shares. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, UBS Group increased their price objective on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Price Performance

Aptiv stock opened at $53.07 on Friday. The stock has a market capitalization of $12.18 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78. The company’s fifty day moving average price is $63.55 and its 200 day moving average price is $62.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a 1 year low of $50.10 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating 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 research analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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.