USS Investment Management Ltd Sells 28,366 Shares of Aptiv PLC (NYSE:APTV)

USS Investment Management Ltd trimmed its holdings in Aptiv PLC (NYSE:APTV) by 26.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,313 shares of the auto parts company’s stock after selling 28,366 shares during the period. USS Investment Management Ltd’s holdings in Aptiv were worth $4,796,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new stake in Aptiv in the fourth quarter worth approximately $37,000. CENTRAL TRUST Co lifted its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the last quarter. GeoWealth Management LLC lifted its stake in shares of Aptiv by 203.2% in the fourth 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 during the last quarter. Quarry LP acquired a new stake in shares of Aptiv in the fourth quarter worth $105,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,145 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 0.0%

Shares of Aptiv stock opened at $66.95 on Friday. The firm has a market capitalization of $14.58 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company’s fifty day moving average price is $58.63 and its two-hundred day moving average price is $59.86. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35.

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

Insider Transactions at Aptiv

In other 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 of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Robert W. Baird reduced their price objective on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Finally, Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.50.

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.