Nisa Investment Advisors LLC Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Nisa Investment Advisors LLC reduced its position in shares of Aptiv PLC (NYSE:APTV) by 37.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,412 shares of the auto parts company’s stock after selling 15,485 shares during the period. Nisa Investment Advisors LLC’s holdings in Aptiv were worth $2,280,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its holdings in Aptiv by 176.0% during the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. FWL Investment Management LLC acquired a new position in Aptiv during the fourth quarter worth about $30,000. Farther Finance Advisors LLC grew its position in Aptiv by 49.7% during the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock worth $53,000 after buying an additional 172 shares during the period. BluePath Capital Management LLC acquired a new position in Aptiv during the third quarter worth about $55,000. Finally, KB Financial Partners LLC acquired a new position in Aptiv during the first quarter worth about $56,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Aptiv Stock Performance

NYSE:APTV opened at $74.19 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market cap of $20.23 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.98 and a beta of 1.90. Aptiv PLC has a fifty-two week low of $71.01 and a fifty-two week high of $113.60. The firm’s 50 day moving average is $78.59 and its two-hundred day moving average is $83.22.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Analysts expect that Aptiv PLC will post 5.66 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on APTV. JPMorgan Chase & Co. lowered their target price on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Oppenheimer lowered their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Piper Sandler lowered their price target on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Morgan Stanley lowered shares of Aptiv from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Finally, Guggenheim lowered their price target on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.14.

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.