Aptiv PLC (NYSE:APTV) Shares Sold by Axa S.A.

Axa S.A. decreased its holdings in shares of Aptiv PLC (NYSE:APTV) by 67.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,574 shares of the auto parts company’s stock after selling 29,642 shares during the quarter. Axa S.A.’s holdings in Aptiv were worth $881,000 at the end of the most recent quarter.

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

Aptiv Stock Up 1.4 %

Shares of APTV opened at $61.97 on Friday. The firm has a market cap of $13.49 billion, a P/E ratio of 9.01, 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 quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.35. The firm’s 50-day simple moving average is $57.96 and its 200 day simple moving average is $59.69.

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

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Robert W. Baird dropped their target price on Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company decreased their price target on Aptiv from $77.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Piper Sandler boosted their price objective on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, Guggenheim decreased their target price on Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.06.

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.