Sumitomo Mitsui DS Asset Management Company Ltd Sells 11,044 Shares of Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui DS Asset Management Company Ltd lessened its position in Aptiv PLC (NYSE:APTV) by 24.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,370 shares of the auto parts company’s stock after selling 11,044 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Aptiv were worth $2,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Aptiv during the third quarter valued at approximately $43,000. Brooklyn Investment Group bought a new position in shares of Aptiv during the third quarter valued at approximately $43,000. Finally, Mather Group LLC. lifted its stake in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after acquiring an additional 176 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Trading Down 0.2 %

Shares of NYSE APTV opened at $63.96 on Tuesday. The firm’s 50 day moving average price is $60.23 and its 200-day moving average price is $64.15. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.06 and a current ratio of 1.53. The company has a market cap of $15.03 billion, a PE ratio of 9.30, a P/E/G ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities research analysts expect that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APTV shares. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, StockNews.com initiated coverage on Aptiv in a research note on Friday. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Company 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.