Securian Asset Management Inc. Has $1.10 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Securian Asset Management Inc. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,643 shares of the auto parts company’s stock after selling 791 shares during the quarter. Securian Asset Management Inc.’s holdings in Aptiv were worth $1,102,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Aptiv during the 4th quarter valued at approximately $13,120,000. Sequoia Financial Advisors LLC boosted its position in Aptiv by 2.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after buying an additional 145 shares during the period. Cerity Partners LLC boosted its position in Aptiv by 28.5% during the 4th quarter. Cerity Partners LLC now owns 11,350 shares of the auto parts company’s stock worth $1,018,000 after buying an additional 2,516 shares during the period. NewEdge Wealth LLC boosted its position in Aptiv by 151.0% during the 4th quarter. NewEdge Wealth LLC now owns 5,584 shares of the auto parts company’s stock worth $501,000 after buying an additional 3,359 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in Aptiv during the 4th quarter worth approximately $1,534,000. 94.21% of the stock is owned by institutional investors.

Insider Activity at Aptiv

In other Aptiv news, Director Nancy E. Cooper sold 394 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. UBS Group lowered their price objective on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Piper Sandler lowered shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $145.00 price target on shares of Aptiv in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.00.

Aptiv Price Performance

Shares of APTV stock traded down $0.25 on Monday, reaching $67.39. The company’s stock had a trading volume of 1,352,393 shares, compared to its average volume of 2,934,100. The stock’s fifty day simple moving average is $71.97 and its 200-day simple moving average is $76.40. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $104.72. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.66 and a beta of 1.79.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 earnings per share. Analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

About Aptiv

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.