Fideuram Intesa Sanpaolo Private Banking S.P.A. Trims Position in Aptiv PLC $APTV

Fideuram Intesa Sanpaolo Private Banking S.P.A. trimmed its holdings in Aptiv PLC (NYSE:APTV) by 12.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,737 shares of the auto parts company’s stock after selling 14,283 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Aptiv were worth $7,273,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Aptiv in the fourth quarter worth $634,961,000. Ameriprise Financial Inc. acquired a new position in shares of Aptiv in the 3rd quarter valued at approximately $297,917,000. Balyasny Asset Management L.P. raised its holdings in Aptiv by 6,711.4% in the second quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock valued at $97,833,000 after acquiring an additional 1,413,022 shares in the last quarter. Man Group plc lifted its position in shares of Aptiv by 155.8% during the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock worth $176,322,000 after purchasing an additional 1,245,533 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in 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 buying an additional 1,167,946 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on APTV shares. Wolfe Research upgraded shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, March 6th. TD Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Aptiv from $84.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Evercore cut their price target on Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.46.

Insider Activity at Aptiv

In other Aptiv news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s 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 transaction, the executive vice president owned 163,752 shares in the company, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Aptiv Trading Down 2.3%

Aptiv stock opened at $58.89 on Friday. The firm’s 50 day moving average price is $61.53 and its two-hundred day moving average price is $69.84. 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 firm has a market cap of $12.46 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the prior year, the firm earned $1.69 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Aptiv PLC will post 6.39 EPS for the current fiscal year.

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.