Norinchukin Bank The Sells 147 Shares of Aptiv PLC (NYSE:APTV)

Norinchukin Bank The lowered its stake in Aptiv PLC (NYSE:APTVGet Rating) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,219 shares of the auto parts company’s stock after selling 147 shares during the period. Norinchukin Bank The’s holdings in Aptiv were worth $3,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in APTV. Allspring Global Investments Holdings LLC bought a new position in Aptiv in the fourth quarter valued at about $317,360,000. Capital Research Global Investors grew its position in Aptiv by 17.8% in the third quarter. Capital Research Global Investors now owns 9,334,431 shares of the auto parts company’s stock valued at $1,390,561,000 after acquiring an additional 1,408,073 shares during the last quarter. Nordea Investment Management AB grew its position in Aptiv by 163.7% in the fourth quarter. Nordea Investment Management AB now owns 1,487,272 shares of the auto parts company’s stock valued at $243,913,000 after acquiring an additional 923,292 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Aptiv by 10.8% in the third quarter. Artisan Partners Limited Partnership now owns 6,876,744 shares of the auto parts company’s stock valued at $1,024,429,000 after acquiring an additional 668,414 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Aptiv by 16.0% in the fourth quarter. Bessemer Group Inc. now owns 3,623,765 shares of the auto parts company’s stock valued at $597,739,000 after acquiring an additional 499,369 shares during the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.

In other news, CEO Kevin P. Clark sold 5,830 shares of the business’s stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $109.98, for a total transaction of $641,183.40. Following the completion of the sale, the chief executive officer now owns 676,822 shares in the company, valued at $74,436,883.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

APTV has been the topic of several research reports. Cowen reduced their price target on Aptiv from $150.00 to $144.00 in a report on Friday, May 6th. Royal Bank of Canada reduced their price target on Aptiv from $190.00 to $170.00 in a report on Friday, February 4th. Morgan Stanley reduced their price target on Aptiv from $200.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, April 6th. Bank of America upgraded Aptiv from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $125.00 to $165.00 in a report on Wednesday, April 6th. Finally, Citigroup reduced their price target on Aptiv from $206.00 to $181.00 in a report on Tuesday, April 5th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has a consensus rating of “Buy” and a consensus price target of $159.50.

Shares of APTV opened at $98.13 on Friday. Aptiv PLC has a 52-week low of $88.15 and a 52-week high of $180.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.04 and a current ratio of 2.60. The business’s 50 day moving average price is $109.50 and its two-hundred day moving average price is $138.98. The firm has a market cap of $26.59 billion, a PE ratio of 82.46, a price-to-earnings-growth ratio of 2.04 and a beta of 2.01.

Aptiv (NYSE:APTVGet Rating) last released its quarterly earnings data on Thursday, May 5th. The auto parts company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $4.18 billion during the quarter, compared to the consensus estimate of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. Research analysts predict that Aptiv PLC will post 4.06 EPS for the current fiscal year.

About Aptiv (Get Rating)

Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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