Boston Partners Reduces Position in Aptiv PLC $APTV

Boston Partners reduced its stake in Aptiv PLC (NYSE:APTV) by 2.4% during the 4th quarter, HoldingsChannel reports. The firm owned 4,094,090 shares of the auto parts company’s stock after selling 100,819 shares during the period. Boston Partners’ holdings in Aptiv were worth $313,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of APTV. Saranac Partners Ltd acquired a new stake in shares of Aptiv in the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC grew its position in Aptiv by 240.0% during the fourth quarter. Larson Financial Group LLC now owns 357 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 252 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock worth $29,000 after buying an additional 398 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Aptiv in the third quarter worth about $30,000. Finally, MUFG Securities EMEA plc acquired a new stake in Aptiv during the second quarter valued at approximately $44,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president directly owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

APTV has been the topic of a number of research reports. Argus dropped their price target on Aptiv from $99.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. BNP Paribas Exane decreased their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings upgraded Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on Aptiv from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Piper Sandler decreased their target price on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a research report on Monday, June 8th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.67.

Aptiv Stock Performance

Shares of Aptiv stock opened at $68.06 on Friday. Aptiv PLC has a 52 week low of $51.68 and a 52 week high of $88.93. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a fifty day moving average of $60.86 and a two-hundred day moving average of $71.36.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the business earned $1.69 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts predict that Aptiv PLC will post 6.37 EPS for the current year.

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.