Boston Partners Trims Stock Position in Aptiv PLC $APTV

Boston Partners lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,094,090 shares of the auto parts company’s stock after selling 100,819 shares during the period. Boston Partners owned 1.92% of Aptiv worth $313,656,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APTV. Saranac Partners Ltd purchased a new stake in shares of Aptiv during the 3rd quarter valued at about $25,000. Foster Dykema Cabot & Partners LLC bought a new position in Aptiv in the 3rd quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in Aptiv by 240.0% in the 4th quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 252 shares during the period. Geneos Wealth Management Inc. boosted its stake in Aptiv by 452.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares during the period. Finally, Zions Bancorporation National Association UT raised its stake in Aptiv by 1,411.4% during the third quarter. Zions Bancorporation National Association UT now owns 529 shares of the auto parts company’s stock valued at $46,000 after purchasing an additional 494 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Transactions at Aptiv

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APTV shares. Royal Bank Of Canada lowered their price target on Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. Wall Street Zen downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays lowered their price target on Aptiv from $77.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Robert W. Baird lowered their price target on Aptiv from $105.00 to $74.00 and set an “outperform” rating for the company in a research report on Thursday, April 2nd. Finally, President Capital began coverage on Aptiv in a research report on Wednesday, March 25th. They issued a “buy” rating and a $82.50 price target for the company. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.67.

Aptiv Trading Up 0.1%

Aptiv stock opened at $68.06 on Friday. 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 52 week low of $51.68 and a 52 week high of $88.93. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 40.27, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The stock has a 50-day moving average price of $60.86 and a 200 day moving average price of $71.36.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.03 billion. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.Aptiv’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. Sell-side analysts anticipate that Aptiv PLC will post 6.37 EPS for the current year.

Aptiv 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.