MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $7.51 Million Stake in Aptiv PLC (NYSE:APTV)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Aptiv PLC (NYSE:APTV) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,250 shares of the auto parts company’s stock after selling 5,376 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Aptiv were worth $7,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Aptiv in the 4th quarter worth approximately $106,492,000. Pictet Asset Management Holding SA increased its holdings in Aptiv by 1,018.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after purchasing an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in 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 valued at $864,206,000 after purchasing an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after buying an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co increased its stake in shares of Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock valued at $55,007,000 after buying an additional 824,400 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

APTV has been the subject of a number of analyst reports. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They set a “hold” rating for the company. Piper Sandler lifted their target price on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. UBS Group lifted their target price on Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. 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 report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Trading Up 0.2%

Shares of APTV stock opened at $68.21 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.85 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The stock has a 50 day simple moving average of $58.30 and a 200 day simple moving average of $59.59. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.35.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts predict 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.