Handelsbanken Fonder AB Sells 21,710 Shares of Aptiv PLC (NYSE:APTV)

Handelsbanken Fonder AB reduced its stake in Aptiv PLC (NYSE:APTV) by 19.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,629 shares of the auto parts company’s stock after selling 21,710 shares during the period. Handelsbanken Fonder AB’s holdings in Aptiv were worth $5,214,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter valued at approximately $37,000. Versant Capital Management Inc lifted its stake in shares of Aptiv by 201.7% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the auto parts company’s stock valued at $42,000 after buying an additional 470 shares in the last quarter. UMB Bank n.a. purchased a new stake in Aptiv in the 1st quarter worth $48,000. MassMutual Private Wealth & Trust FSB lifted its stake in Aptiv by 164.7% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,363 shares of the auto parts company’s stock worth $81,000 after purchasing an additional 848 shares in the last quarter. Finally, GeoWealth Management LLC raised its position in shares of Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,022 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $67.13 on Friday. The company has a 50-day simple moving average of $61.06 and a 200-day simple moving average of $61.27. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $14.62 billion, a PE ratio of 9.76, a P/E/G ratio of 0.62 and a beta of 1.47. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $80.95.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on APTV shares. Guggenheim downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a report on Wednesday, June 4th. Wells Fargo & Company lifted their target price on shares of Aptiv from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 19th. TD Cowen started coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Robert W. Baird cut their target price on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler set a $70.00 target price on shares of Aptiv and gave the company a “neutral” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $82.50.

Aptiv Company Profile

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.