Gulf International Bank UK Ltd raised its stake in shares of Aptiv PLC (NYSE:APTV – Get Rating) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,254 shares of the auto parts company’s stock after buying an additional 245 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Aptiv were worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Aptiv by 2.0% during the fourth quarter. BlackRock Inc. now owns 20,196,698 shares of the auto parts company’s stock worth $3,331,445,000 after purchasing an additional 403,361 shares during the period. State Street Corp raised its holdings in Aptiv by 4.3% during the fourth quarter. State Street Corp now owns 10,941,917 shares of the auto parts company’s stock worth $1,804,869,000 after purchasing an additional 452,955 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Aptiv by 2.8% in the fourth quarter. Alliancebernstein L.P. now owns 8,326,437 shares of the auto parts company’s stock valued at $1,373,446,000 after purchasing an additional 225,599 shares during the period. Geode Capital Management LLC grew its position in Aptiv by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 4,900,785 shares of the auto parts company’s stock valued at $806,183,000 after acquiring an additional 150,427 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Aptiv by 37.0% during the fourth quarter. Nuveen Asset Management LLC now owns 4,700,379 shares of the auto parts company’s stock worth $775,327,000 after purchasing an additional 1,269,115 shares in the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Aptiv
In other news, CEO Kevin P. Clark sold 6,665 shares of the firm’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $89.36, for a total transaction of $595,584.40. Following the sale, the chief executive officer now owns 639,217 shares of the company’s stock, valued at $57,120,431.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Aptiv news, CEO Kevin P. Clark sold 6,705 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $109.60, for a total value of $734,868.00. Following the completion of the sale, the chief executive officer now owns 652,547 shares in the company, valued at $71,519,151.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $89.36, for a total value of $595,584.40. Following the completion of the sale, the chief executive officer now directly owns 639,217 shares in the company, valued at $57,120,431.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,370 shares of company stock worth $1,547,492. 0.41% of the stock is owned by corporate insiders.
Aptiv Price Performance
Aptiv (NYSE:APTV – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.06 billion. Aptiv had a return on equity of 7.23% and a net margin of 2.43%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. As a group, sell-side analysts predict that Aptiv PLC will post 3.93 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on APTV shares. Cowen decreased their price objective on Aptiv from $150.00 to $144.00 in a report on Friday, May 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Aptiv from $137.00 to $136.00 in a research note on Monday, July 18th. Exane BNP Paribas assumed coverage on shares of Aptiv in a report on Monday, April 11th. They issued an “outperform” rating and a $160.00 price target for the company. Morgan Stanley cut their price objective on shares of Aptiv from $155.00 to $149.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Finally, Raymond James decreased their price target on shares of Aptiv from $215.00 to $158.00 in a research note on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.42.
Aptiv Company Profile
Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.
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