Northwest & Ethical Investments L.P. Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

Northwest & Ethical Investments L.P. reduced its position in shares of Aptiv PLC (NYSE:APTV) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 228,661 shares of the auto parts company’s stock after selling 3,135 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.10% of Aptiv worth $13,829,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Harris Associates L P bought a new position in shares of Aptiv during the 3rd quarter valued at approximately $162,640,000. Point72 Asset Management L.P. bought a new position in shares of Aptiv during the 3rd quarter valued at approximately $143,909,000. FMR LLC grew its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Aptiv Stock Performance

NYSE:APTV opened at $62.75 on Thursday. The stock’s fifty day moving average is $63.72 and its 200 day moving average is $63.31. The firm has a market capitalization of $14.40 billion, a PE ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.78. 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 fifty-two week low of $51.47 and a fifty-two week high of $85.56.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 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, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

APTV has been the subject of a number of recent research reports. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They set a “hold” rating for the company. Royal Bank of Canada boosted their price target on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.50.

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.