Zurcher Kantonalbank Zurich Cantonalbank Cuts Position in Aptiv PLC (NYSE:APTV)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Aptiv PLC (NYSE:APTV) by 23.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 85,071 shares of the auto parts company’s stock after selling 26,330 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aptiv were worth $5,145,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in APTV. Brown Brothers Harriman & Co. lifted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 409 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of Aptiv in the third quarter worth about $43,000. CENTRAL TRUST Co lifted its stake in shares of Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new stake in Aptiv during the 3rd quarter valued at about $64,000. Finally, SRS Capital Advisors Inc. grew its position in Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv 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 transaction, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APTV. Wells Fargo & Company increased their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Evercore ISI dropped their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and increased their target price for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Finally, Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Trading Up 1.8 %

Shares of NYSE APTV opened at $63.28 on Friday. The stock has a market cap of $14.52 billion, a P/E ratio of 9.20, a price-to-earnings-growth 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. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm has a 50-day moving average of $63.64 and a 200 day moving average of $63.53.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (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%. As a group, sell-side analysts expect 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.