Cetera Investment Advisers Decreases Holdings in Aptiv PLC (NYSE:APTV)

Cetera Investment Advisers trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,293 shares of the auto parts company’s stock after selling 9,486 shares during the quarter. Cetera Investment Advisers’ holdings in Aptiv were worth $2,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in APTV. Norges Bank purchased a new stake in shares of Aptiv during the 4th quarter valued at about $106,492,000. Pictet Asset Management Holding SA raised its position in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the period. Massachusetts Financial Services Co. MA raised its position in Aptiv by 11.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after purchasing an additional 1,517,104 shares during the period. Franklin Resources Inc. raised its position in Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares during the period. Finally, Paloma Partners Management Co raised its position in Aptiv by 968.7% in the 4th quarter. Paloma Partners Management Co now owns 909,500 shares of the auto parts company’s stock worth $55,007,000 after purchasing an additional 824,400 shares during the period. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $67.34 on Tuesday. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.62 and a beta of 1.44. The company’s 50 day moving average is $58.37 and its 200 day moving average is $59.68. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.35.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of a number of recent analyst reports. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and increased their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Barclays increased their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Royal Bank of Canada increased their price objective on shares of Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. Finally, Wells Fargo & Company upped their target price on shares of Aptiv from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.33.

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.