Alliancebernstein L.P. reduced its position in Aptiv PLC (NYSE:APTV – Free Report) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,621,596 shares of the auto parts company’s stock after selling 209,845 shares during the period. Alliancebernstein L.P. owned approximately 1.68% of Aptiv worth $312,254,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. purchased a new position in Aptiv in the third quarter valued at about $297,917,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Aptiv by 18.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 3,519 shares of the auto parts company’s stock worth $303,000 after buying an additional 543 shares during the period. Creative Planning grew its stake in shares of Aptiv by 59.6% in the third quarter. Creative Planning now owns 33,939 shares of the auto parts company’s stock valued at $2,926,000 after buying an additional 12,669 shares in the last quarter. Credit Agricole S A purchased a new stake in shares of Aptiv during the third quarter valued at approximately $6,774,000. Finally, Raymond James Financial Inc. lifted its position in shares of Aptiv by 53.7% during the third quarter. Raymond James Financial Inc. now owns 868,429 shares of the auto parts company’s stock worth $74,876,000 after purchasing an additional 303,255 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.
Aptiv Price Performance
Shares of NYSE APTV opened at $70.42 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 92.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $88.93. The business has a 50 day simple moving average of $78.98 and a 200-day simple moving average of $80.18.
Insider Transactions at Aptiv
In related news, EVP Katherine H. Ramundo sold 5,000 shares of the company’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total transaction of $425,000.00. Following the completion of the transaction, the executive vice president directly owned 116,959 shares in the company, valued at $9,941,515. This represents a 4.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on APTV. Weiss Ratings downgraded shares of Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, March 5th. Morgan Stanley set a $84.00 price objective on Aptiv and gave the stock an “equal weight” rating in a report on Monday, December 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $104.00 target price on shares of Aptiv in a research note on Tuesday, February 3rd. BNP Paribas Exane lifted their price target on shares of Aptiv from $100.00 to $107.00 in a research note on Friday, November 21st. Finally, Evercore raised their price objective on shares of Aptiv from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Sixteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.24.
View Our Latest Stock Report on APTV
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
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