Ariel Investments LLC Has $53.17 Million Holdings in Aptiv PLC (NYSE:APTV)

Ariel Investments LLC trimmed its position in Aptiv PLC (NYSE:APTV) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 879,186 shares of the auto parts company’s stock after selling 80,758 shares during the quarter. Ariel Investments LLC owned 0.37% of Aptiv worth $53,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Aptiv during the 3rd quarter valued at about $783,000. World Investment Advisors LLC bought a new position in Aptiv during the third quarter worth about $212,000. Tidal Investments LLC boosted its holdings in Aptiv by 29.7% during the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after purchasing an additional 3,553 shares in the last quarter. Franklin Resources Inc. grew 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 during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Aptiv by 1.1% in the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock worth $22,806,000 after buying an additional 3,400 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Insider Activity

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

Aptiv Price Performance

Shares of APTV stock opened at $58.99 on Friday. The firm’s 50 day moving average price is $58.45 and its two-hundred day moving average price is $60.05. 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 52-week low of $47.19 and a 52-week high of $85.56. The stock has a market cap of $13.54 billion, a PE ratio of 8.57, a PEG ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.16 EPS. As a group, analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Piper Sandler upped their target price on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Argus raised shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Oppenheimer upped their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Evercore ISI dropped their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.