Nan Shan Life Insurance Co. Ltd. Sells 172,036 Shares of Aptiv PLC (NYSE:APTV)

Nan Shan Life Insurance Co. Ltd. lessened its holdings in Aptiv PLC (NYSE:APTV) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 704,860 shares of the auto parts company’s stock after selling 172,036 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in Aptiv were worth $42,630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. Picton Mahoney Asset Management bought a new position in Aptiv in the 4th quarter valued at about $37,000. CENTRAL TRUST Co increased its stake in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after buying an additional 1,022 shares in the last quarter. Quarry LP bought a new stake in shares of Aptiv during the 4th quarter worth $105,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Aptiv by 163.1% in the fourth 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. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of several research reports. Barclays lifted their price target on shares of Aptiv from $55.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Robert W. Baird cut their price objective on Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. StockNews.com began coverage on Aptiv in a report on Wednesday. They issued a “hold” rating for the company. Oppenheimer boosted their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

Aptiv Price Performance

Shares of NYSE APTV opened at $68.79 on Wednesday. The firm has a market capitalization of $14.98 billion, a P/E ratio of 10.00, a P/E/G ratio of 0.62 and a beta of 1.44. The firm’s 50-day moving average price is $58.07 and its 200-day moving average price is $59.60. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35.

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

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.