Thrivent Financial for Lutherans Has $46.32 Million Stake in Aptiv PLC (NYSE:APTV)

Thrivent Financial for Lutherans trimmed its holdings in Aptiv PLC (NYSE:APTV) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 765,878 shares of the auto parts company’s stock after selling 28,419 shares during the period. Thrivent Financial for Lutherans’ holdings in Aptiv were worth $46,321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APTV. Retirement Planning Co of New England Inc. boosted its position in shares of Aptiv by 11.9% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 5,465 shares of the auto parts company’s stock worth $331,000 after buying an additional 580 shares during the period. Tocqueville Asset Management L.P. boosted its position in shares of Aptiv by 301.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 65,646 shares of the auto parts company’s stock worth $3,970,000 after buying an additional 49,281 shares during the period. Cibc World Markets Corp boosted its position in shares of Aptiv by 5.5% during the fourth quarter. Cibc World Markets Corp now owns 38,462 shares of the auto parts company’s stock worth $2,326,000 after buying an additional 1,991 shares during the period. Catalyst Funds Management Pty Ltd boosted its position in shares of Aptiv by 387.5% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 15,600 shares of the auto parts company’s stock worth $943,000 after buying an additional 12,400 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the fourth quarter worth about $37,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Aptiv Stock Performance

NYSE:APTV opened at $62.75 on Thursday. The stock has a market cap of $14.40 billion, a P/E ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.78. The stock has a 50 day simple moving average of $63.72 and a 200 day simple moving average of $63.31. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Royal Bank of Canada upped their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com assumed coverage on Aptiv in a report on Wednesday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

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.