NFJ Investment Group LLC Sells 162,715 Shares of Aptiv PLC $APTV

NFJ Investment Group LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 63.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 93,354 shares of the auto parts company’s stock after selling 162,715 shares during the quarter. NFJ Investment Group LLC’s holdings in Aptiv were worth $7,103,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APTV. NewEdge Advisors LLC lifted its holdings in shares of Aptiv by 502.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after acquiring an additional 12,973 shares during the period. Woodline Partners LP increased its position in shares of Aptiv by 439.2% during the 1st quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after purchasing an additional 61,994 shares in the last quarter. Focus Partners Wealth increased its position in shares of Aptiv by 110.7% during the 1st quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock worth $566,000 after purchasing an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 398 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Aptiv by 523.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,561 shares of the auto parts company’s stock worth $175,000 after purchasing an additional 2,150 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total transaction of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on APTV shares. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Fox Advisors lowered their price objective on shares of Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. Zacks Research cut shares of Aptiv from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. UBS Group lowered their price objective on shares of Aptiv from $97.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, Citigroup lowered their price objective on shares of Aptiv from $92.33 to $77.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.67.

Aptiv Stock Up 0.1%

Shares of NYSE:APTV opened at $68.06 on Friday. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The company has a 50 day moving average of $60.86 and a 200-day moving average of $71.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 1.14 and a beta of 1.45.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the firm earned $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Aptiv PLC will post 6.37 earnings per share for the current year.

Aptiv Company Profile

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.