Sompo Asset Management Co. Ltd. Reduces Holdings in Aptiv PLC (NYSE:APTV)

Sompo Asset Management Co. Ltd. decreased its position in Aptiv PLC (NYSE:APTV) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the auto parts company’s stock after selling 630 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Aptiv were worth $415,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Riverview Trust Co purchased a new position in shares of Aptiv during the 1st quarter worth approximately $25,000. Independence Bank of Kentucky purchased a new position in shares of Aptiv during the 2nd quarter worth approximately $25,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Aptiv during the 1st quarter worth approximately $28,000. Crewe Advisors LLC boosted its position in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 215 shares during the period. Finally, Clearstead Trust LLC boosted its position in shares of Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 1.0 %

Shares of NYSE:APTV opened at $69.84 on Friday. The stock has a market capitalization of $19.00 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 0.60 and a beta of 1.79. Aptiv PLC has a 1-year low of $63.62 and a 1-year high of $100.88. The company’s fifty day moving average is $69.54 and its two-hundred day moving average is $74.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.09 and a current ratio of 1.49.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the company earned $1.25 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Aptiv PLC will post 6.28 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APTV. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $74.00 target price on shares of Aptiv in a report on Tuesday, September 10th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Wolfe Research began coverage on shares of Aptiv in a report on Thursday, September 5th. They set an “outperform” rating and a $89.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Aptiv from $104.00 to $107.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $78.00 to $87.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.44.

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.