Mitsubishi UFJ Trust & Banking Corp Sells 10,644 Shares of Aptiv PLC (NYSE:APTV)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Aptiv PLC (NYSE:APTV) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,095 shares of the auto parts company’s stock after selling 10,644 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Aptiv worth $7,989,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after acquiring an additional 1,090,766 shares in the last quarter. Victory Capital Management Inc. increased its stake in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock worth $234,799,000 after purchasing an additional 223,831 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Aptiv by 19.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after buying an additional 468,069 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Aptiv by 18.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after buying an additional 388,045 shares during the period. Finally, Harris Associates L P acquired a new stake in shares of Aptiv during the third quarter worth $162,640,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $60.58 on Friday. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 8.80, 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 company has a 50 day simple moving average of $64.05 and a 200 day simple moving average of $63.01. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (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%. Research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APTV shares. Evercore ISI reduced their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. Wells Fargo & Company boosted their target price on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $86.61.

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.