MetLife Investment Management LLC Sells 3,354 Shares of Aptiv PLC (NYSE:APTV)

MetLife Investment Management LLC cut its stake in shares of Aptiv PLC (NYSE:APTV) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,215 shares of the auto parts company’s stock after selling 3,354 shares during the quarter. MetLife Investment Management LLC’s holdings in Aptiv were worth $4,984,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Swedbank AB bought a new position in Aptiv in the 2nd quarter valued at approximately $25,018,000. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the third quarter valued at $1,815,000. Parkside Investments LLC lifted its holdings in shares of Aptiv by 64.4% during the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock valued at $7,135,000 after purchasing an additional 39,685 shares in the last quarter. AMF Tjanstepension AB increased its holdings in Aptiv by 21.4% in the 2nd quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock worth $8,242,000 after buying an additional 20,593 shares in the last quarter. Finally, National Pension Service raised its position in Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after buying an additional 71,633 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

APTV opened at $55.53 on Monday. The firm has a market cap of $13.05 billion, a P/E ratio of 6.20, a PEG ratio of 0.56 and a beta of 1.81. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The company has a 50 day simple moving average of $63.69 and a two-hundred day simple moving average of $69.39. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS. Equities analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APTV shares. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Bank of America dropped their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Barclays dropped their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com initiated coverage on Aptiv in a research report on Wednesday, November 27th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.29.

About Aptiv

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.