AMF Tjanstepension AB Sells 134,642 Shares of Aptiv PLC (NYSE:APTV)

AMF Tjanstepension AB reduced its position in shares of Aptiv PLC (NYSE:APTV) by 58.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,450 shares of the auto parts company’s stock after selling 134,642 shares during the quarter. AMF Tjanstepension AB’s holdings in Aptiv were worth $7,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC bought a new stake in Aptiv during the 1st quarter valued at about $219,000. Dohj LLC increased its stake in Aptiv by 91.9% during the 1st quarter. Dohj LLC now owns 8,541 shares of the auto parts company’s stock valued at $680,000 after purchasing an additional 4,090 shares in the last quarter. Shorepath Capital Management LLC grew its stake in shares of Aptiv by 18.6% in the first quarter. Shorepath Capital Management LLC now owns 49,802 shares of the auto parts company’s stock worth $3,967,000 after acquiring an additional 7,804 shares during the period. Parkside Investments LLC grew its stake in shares of Aptiv by 11.3% in the first quarter. Parkside Investments LLC now owns 61,640 shares of the auto parts company’s stock worth $4,910,000 after acquiring an additional 6,235 shares during the period. Finally, Gilman Hill Asset Management LLC grew its stake in shares of Aptiv by 61.2% in the first quarter. Gilman Hill Asset Management LLC now owns 50,656 shares of the auto parts company’s stock worth $4,035,000 after acquiring an additional 19,222 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. UBS Group raised their price objective on shares of Aptiv from $107.00 to $110.00 in a report on Monday, April 8th. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Oppenheimer dropped their price objective on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.08.

Insider Buying and Selling at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Trading Up 2.1 %

Shares of APTV opened at $70.42 on Friday. The company’s fifty day moving average is $77.61 and its 200 day moving average is $79.67. Aptiv PLC has a fifty-two week low of $65.13 and a fifty-two week high of $113.60. The stock has a market capitalization of $19.16 billion, a PE ratio of 6.64, a P/E/G ratio of 0.66 and a beta of 1.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The business had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Aptiv PLC will post 6.01 earnings per share for the current fiscal year.

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.