Mutual of America Capital Management LLC Trims Stock Position in Aptiv PLC (NYSE:APTV)

Mutual of America Capital Management LLC lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,371 shares of the auto parts company’s stock after selling 1,998 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aptiv were worth $3,622,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of APTV. Salem Investment Counselors Inc. lifted its position in shares of Aptiv by 176.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after buying an additional 176 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $29,000. FWL Investment Management LLC purchased a new stake in shares of Aptiv during the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its position in shares of Aptiv by 49.7% during the 2nd 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 last quarter. Finally, BluePath Capital Management LLC purchased a new stake in Aptiv in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 1.5 %

Shares of Aptiv stock opened at $71.92 on Wednesday. The company has a market cap of $19.61 billion, a P/E ratio of 6.94, a PEG ratio of 0.95 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. Aptiv PLC has a one year low of $71.01 and a one year high of $113.60. The firm has a fifty day moving average of $78.16 and a two-hundred day moving average of $82.76.

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. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. On average, analysts forecast that Aptiv PLC will post 5.66 earnings per share for the current year.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction 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 directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on APTV shares. Wells Fargo & Company reduced their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Oppenheimer reduced their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Citigroup reduced their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. UBS Group upped their price target on shares of Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Guggenheim reduced their price target on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average target price of $111.14.

About Aptiv

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.