CIBC Asset Management Inc Cuts Stock Position in Aptiv PLC (NYSE:APTV)

CIBC Asset Management Inc decreased its holdings in Aptiv PLC (NYSE:APTVFree Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,023 shares of the auto parts company’s stock after selling 1,728 shares during the quarter. CIBC Asset Management Inc’s holdings in Aptiv were worth $3,322,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Financial Advocates Investment Management grew its stake in shares of Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock worth $211,000 after acquiring an additional 132 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Aptiv by 2.3% during the 4th 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 during the period. EverSource Wealth Advisors LLC raised its position in Aptiv by 11.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,444 shares of the auto parts company’s stock valued at $130,000 after purchasing an additional 146 shares in the last quarter. Bangor Savings Bank boosted its stake in shares of Aptiv by 1.4% in the 4th quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after buying an additional 163 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of Aptiv by 1.2% during the fourth quarter. Advisory Services Network LLC now owns 14,892 shares of the auto parts company’s stock worth $1,336,000 after buying an additional 180 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Trading Down 0.4 %

NYSE APTV opened at $81.30 on Friday. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The firm has a market cap of $22.12 billion, a PE ratio of 7.66, a P/E/G ratio of 0.67 and a beta of 1.87. The firm’s fifty day moving average is $78.05 and its two-hundred day moving average is $80.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTVGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts expect that Aptiv PLC will post 6.01 earnings per share for the current year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APTV. Barclays reduced their price objective 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. UBS Group lifted their price target on Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Oppenheimer dropped their price objective on Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Robert W. Baird boosted their target price on Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.31.

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About Aptiv

(Free Report)

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.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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