Sumitomo Mitsui Trust Group Inc. Has $35.51 Million Stake in Aptiv PLC $APTV

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Aptiv PLC (NYSE:APTV) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 511,376 shares of the auto parts company’s stock after selling 32,275 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Aptiv were worth $35,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of APTV. State Street Corp raised its holdings in shares of Aptiv by 4.3% in the fourth quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after buying an additional 419,375 shares during the last quarter. Norges Bank bought a new stake in Aptiv during the 4th quarter worth about $634,961,000. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 99,876 shares during the last quarter. Nordea Investment Management AB increased its position in Aptiv by 34.2% in the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after acquiring an additional 1,167,946 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after acquiring an additional 948,327 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president directly owned 163,752 shares in the company, valued at $12,821,781.60. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

Aptiv Stock Down 2.3%

Shares of Aptiv stock opened at $59.17 on Tuesday. The business has a fifty day simple moving average of $61.46 and a 200 day simple moving average of $68.96. The stock has a market cap of $12.52 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv PLC has a 12 month low of $51.68 and a 12 month high of $88.93.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the firm posted $1.69 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts predict that Aptiv PLC will post 5.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APTV. Oppenheimer reduced their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. BNP Paribas Exane dropped their price objective on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Zacks Research lowered Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Argus dropped their target price on Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, May 27th. Twenty-two investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $82.50.

About Aptiv

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.