Sumitomo Mitsui Trust Holdings Inc. Decreases Position in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in shares of Aptiv PLC (NYSE:APTVFree Report) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 692,920 shares of the auto parts company’s stock after selling 562,085 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of Aptiv worth $55,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in APTV. Riverview Trust Co purchased a new stake in shares of Aptiv during the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv during the 4th quarter worth approximately $29,000. GAMMA Investing LLC acquired a new position in Aptiv during the 4th quarter valued at approximately $32,000. Mather Group LLC. purchased a new position in shares of Aptiv in the first quarter worth $33,000. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Aptiv by 4,166.7% during the first quarter. Harbor Investment Advisory LLC now owns 512 shares of the auto parts company’s stock worth $41,000 after buying an additional 500 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

NYSE APTV opened at $70.18 on Friday. The stock has a market capitalization of $19.09 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.67 and a beta of 1.79. The stock has a 50-day moving average of $77.51 and a 200 day moving average of $79.13. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.60.

Aptiv (NYSE:APTVGet Free Report) last announced its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping 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 business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the company posted $0.91 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Aptiv PLC will post 6.01 EPS for the current fiscal year.

Insider Activity

In related news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the transaction, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APTV shares. JPMorgan Chase & Co. lifted their price target on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Wells Fargo & Company decreased their target price on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. StockNews.com upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a report on Thursday. Barclays decreased their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Guggenheim increased their price objective on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.08.

Check Out Our Latest Analysis on Aptiv

Aptiv Company Profile

(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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