Swiss National Bank Sells 56,500 Shares of Aptiv PLC (NYSE:APTV)

Swiss National Bank trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,800 shares of the auto parts company’s stock after selling 56,500 shares during the quarter. Swiss National Bank owned 0.32% of Aptiv worth $45,408,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Aptiv during the fourth quarter worth $6,597,000. HighTower Advisors LLC raised its holdings in shares of Aptiv by 4.1% during the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after acquiring an additional 577 shares during the period. Marathon Trading Investment Management LLC acquired a new stake in shares of Aptiv during the fourth quarter worth $1,289,000. Personal CFO Solutions LLC acquired a new stake in shares of Aptiv during the fourth quarter worth $677,000. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Aptiv during the fourth quarter worth $204,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Stock Performance

Shares of APTV stock opened at $63.28 on Monday. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a 50-day simple moving average of $63.64 and a 200 day simple moving average of $63.43. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on APTV. 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 report on Tuesday, February 4th. Wells Fargo & Company lifted their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Barclays lifted their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Finally, Argus upgraded shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Insider Buying and Selling

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

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.