Capital World Investors Sells 2,695,309 Shares of Aptiv PLC (NYSE:APTV)

Capital World Investors lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 57.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,012,143 shares of the auto parts company’s stock after selling 2,695,309 shares during the quarter. Capital World Investors owned about 0.86% of Aptiv worth $121,694,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in APTV. Massachusetts Financial Services Co. MA lifted its position in shares of Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after buying an additional 1,517,104 shares during the period. FMR LLC boosted its holdings in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock worth $470,247,000 after buying an additional 126,882 shares during the last quarter. Franklin Resources Inc. increased its stake in Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after acquiring an additional 468,069 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 2.0 %

Shares of NYSE:APTV opened at $51.75 on Monday. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56. The business’s 50-day moving average is $60.70 and its 200-day moving average is $60.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Aptiv in a research report on Sunday. They set a “hold” rating for the company. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. UBS Group restated a “neutral” rating and set a $58.00 price objective (down previously from $91.00) on shares of Aptiv in a report on Thursday, April 10th. Finally, Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

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.