Sumitomo Mitsui Trust Holdings Inc. Decreases Position in Aptiv PLC (NYSE:APTV)

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in shares of Aptiv PLC (NYSE:APTVFree Report) by 0.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,265,954 shares of the auto parts company’s stock after selling 5,037 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Aptiv were worth $124,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora grew its position in Aptiv by 0.4% during the 2nd quarter. OLD Second National Bank of Aurora now owns 23,036 shares of the auto parts company’s stock worth $2,352,000 after purchasing an additional 98 shares during the last quarter. Czech National Bank grew its holdings in shares of Aptiv by 0.3% during the second quarter. Czech National Bank now owns 32,022 shares of the auto parts company’s stock valued at $3,269,000 after buying an additional 102 shares during the last quarter. Toroso Investments LLC increased its position in shares of Aptiv by 3.3% in the 3rd quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after acquiring an additional 107 shares during the period. Cim Investment Management Inc. raised its stake in Aptiv by 4.4% in the 1st quarter. Cim Investment Management Inc. now owns 2,650 shares of the auto parts company’s stock worth $297,000 after acquiring an additional 111 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in Aptiv by 2.7% during the 1st quarter. BSW Wealth Partners now owns 4,198 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 111 shares during the last quarter. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on APTV. Citigroup reduced their price target on shares of Aptiv from $162.00 to $156.00 and set a “buy” rating for the company in a research report on Wednesday, October 11th. StockNews.com assumed coverage on Aptiv in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Oppenheimer reissued an “outperform” rating and issued a $149.00 price objective on shares of Aptiv in a report on Monday, October 9th. Royal Bank of Canada reduced their price target on Aptiv from $130.00 to $113.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $125.19.

Check Out Our Latest Stock Report on APTV

Aptiv Stock Performance

Shares of Aptiv stock opened at $80.89 on Friday. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.82 and a beta of 1.99. The firm’s fifty day simple moving average is $82.97 and its 200-day simple moving average is $94.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.81 and a quick ratio of 1.29. Aptiv PLC has a 12 month low of $71.01 and a 12 month high of $124.88.

Aptiv (NYSE:APTVGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The auto parts company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.10. Aptiv had a return on equity of 13.91% and a net margin of 11.54%. The firm had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.09 billion. During the same period last year, the company earned $1.28 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that Aptiv PLC will post 4.73 earnings per share for the current year.

Aptiv Company Profile

(Free Report)

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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