Swiss National Bank Decreases Stake in Aptiv PLC (NYSE:APTV)

Swiss National Bank lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 884,400 shares of the auto parts company’s stock after selling 25,500 shares during the period. Swiss National Bank’s holdings in Aptiv were worth $79,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its holdings in Aptiv by 7.8% during the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 129 shares in the last quarter. Steph & Co. raised its holdings in Aptiv by 4.3% during the third quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 130 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after purchasing an additional 145 shares in the last quarter. Bangor Savings Bank raised its holdings in Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock worth $1,045,000 after purchasing an additional 163 shares in the last quarter. Finally, River Street Advisors LLC increased its holdings in shares of Aptiv by 8.7% in the 3rd quarter. River Street Advisors LLC now owns 2,609 shares of the auto parts company’s stock valued at $257,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company cut their target price on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Barclays cut their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Robert W. Baird lifted their target price on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. Finally, UBS Group lifted their target price on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.29.

Aptiv Stock Performance

NYSE:APTV opened at $80.82 on Friday. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The firm’s fifty day moving average price is $76.13 and its 200 day moving average price is $80.72. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 1.22.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, sell-side analysts expect that Aptiv PLC will post 5.99 EPS for the current year.

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.