Aptiv PLC (APTV) Position Trimmed by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,124 shares of the auto parts company’s stock after selling 934 shares during the period. Gateway Investment Advisers LLC’s holdings in Aptiv were worth $805,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Aptiv by 1.6% during the third quarter. Vanguard Group Inc. now owns 22,946,461 shares of the auto parts company’s stock valued at $1,925,209,000 after buying an additional 360,751 shares during the period. Vanguard Group Inc lifted its position in Aptiv by 1.6% during the third quarter. Vanguard Group Inc now owns 22,946,461 shares of the auto parts company’s stock valued at $1,925,209,000 after buying an additional 360,751 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Aptiv by 11.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 11,838,589 shares of the auto parts company’s stock valued at $728,902,000 after buying an additional 1,234,844 shares during the period. Norges Bank purchased a new position in Aptiv during the fourth quarter valued at $380,134,000. Finally, Neuberger Berman Group LLC lifted its position in Aptiv by 11.7% during the third quarter. Neuberger Berman Group LLC now owns 6,083,604 shares of the auto parts company’s stock valued at $510,434,000 after buying an additional 638,972 shares during the period. Institutional investors and hedge funds own 96.62% of the company’s stock.

Aptiv stock opened at $90.12 on Wednesday. The stock has a market cap of $23.14 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.51 and a beta of 1.79. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $103.23. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, January 31st. The auto parts company reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.13. The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.53 billion. Aptiv had a return on equity of 37.39% and a net margin of 7.39%. On average, sell-side analysts expect that Aptiv PLC will post 5.32 earnings per share for the current fiscal year.

In related news, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $86.79, for a total value of $1,708,808.31. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Majdi Abulaban sold 25,130 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $80.00, for a total value of $2,010,400.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Aptiv from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reduced their price objective on Aptiv from $70.00 to $69.00 and set an “underweight” rating for the company in a report on Monday. Jefferies Financial Group lifted their price objective on Aptiv from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Buckingham Research downgraded Aptiv from a “buy” rating to a “neutral” rating and set a $81.96 price objective for the company. in a report on Monday, March 18th. Finally, Goldman Sachs Group upgraded Aptiv from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Aptiv presently has a consensus rating of “Buy” and a consensus target price of $92.25.

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About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, 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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