Securian Asset Management Inc. Sells 2,135 Shares of Aptiv PLC (NYSE:APTV)

Securian Asset Management Inc. decreased its stake in Aptiv PLC (NYSE:APTV) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,563 shares of the auto parts company’s stock after selling 2,135 shares during the period. Securian Asset Management Inc.’s holdings in Aptiv were worth $760,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Boston Common Asset Management LLC grew its holdings in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 188 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in Aptiv by 4.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,119 shares of the auto parts company’s stock worth $585,000 after purchasing an additional 310 shares during the period. Metis Global Partners LLC grew its holdings in Aptiv by 2.5% during the third quarter. Metis Global Partners LLC now owns 13,130 shares of the auto parts company’s stock worth $945,000 after purchasing an additional 316 shares during the period. Finally, Insigneo Advisory Services LLC grew its holdings in Aptiv by 5.7% during the third quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock worth $447,000 after purchasing an additional 337 shares during the period. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Oppenheimer lifted their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company lifted their price target on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and raised their price objective for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. Finally, Barclays raised their price objective on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Stock Up 1.8 %

Shares of APTV opened at $63.28 on Friday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a market cap of $14.52 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $63.64 and a two-hundred day simple moving average of $63.48.

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

Aptiv 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.