Aptiv PLC $APTV Stock Holdings Cut by Goodnow Investment Group LLC

Goodnow Investment Group LLC reduced its holdings in Aptiv PLC (NYSE:APTV) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 752,363 shares of the auto parts company’s stock after selling 13,637 shares during the period. Aptiv comprises 5.3% of Goodnow Investment Group LLC’s holdings, making the stock its 6th largest position. Goodnow Investment Group LLC owned about 0.35% of Aptiv worth $57,247,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. State Street Corp raised its position in Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock worth $765,976,000 after acquiring an additional 419,375 shares during the period. Norges Bank purchased a new stake in shares of Aptiv during the fourth quarter worth about $634,961,000. Geode Capital Management LLC raised its position in shares of Aptiv by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock worth $441,289,000 after purchasing an additional 99,876 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the last quarter. Finally, Boston Partners lifted its stake in Aptiv by 29.2% in the 3rd quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock valued at $361,385,000 after buying an additional 948,327 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Price Performance

NYSE:APTV opened at $66.59 on Tuesday. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The stock has a market cap of $14.09 billion, a PE ratio of 39.40, a P/E/G ratio of 1.14 and a beta of 1.45. The stock has a 50 day moving average price of $60.97 and a 200 day moving average price of $71.27.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.62 by $0.09. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.69 EPS. Equities research analysts expect that Aptiv PLC will post 6.37 EPS for the current fiscal year.

Insider Activity at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total transaction of $156,600.00. Following the completion of the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird cut their price objective on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research note on Thursday, April 2nd. The Goldman Sachs Group lifted their price target on Aptiv from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Zacks Research cut Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. increased their price objective on Aptiv from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada lowered their target price on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 31st. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.67.

Aptiv Company Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.