Mirova US LLC Sells 19,083 Shares of Aptiv PLC (NYSE:APTV)

Mirova US LLC trimmed its holdings in shares of Aptiv PLC (NYSE:APTV) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,666,073 shares of the auto parts company’s stock after selling 19,083 shares during the quarter. Aptiv accounts for approximately 3.6% of Mirova US LLC’s investment portfolio, making the stock its 13th largest holding. Mirova US LLC’s holdings in Aptiv were worth $239,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gradient Investments LLC lifted its position in shares of Aptiv by 36.1% during the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after purchasing an additional 41,135 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Aptiv in the fourth quarter valued at about $13,120,000. Douglas Lane & Associates LLC raised its holdings in shares of Aptiv by 20.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after acquiring an additional 65,354 shares in the last quarter. Zenyatta Capital Management LP raised its holdings in shares of Aptiv by 53.8% in the fourth quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock valued at $4,486,000 after acquiring an additional 17,500 shares in the last quarter. Finally, Banque Pictet & Cie SA raised its holdings in shares of Aptiv by 1.0% in the third quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock valued at $6,609,000 after acquiring an additional 670 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Down 1.5 %

Shares of APTV traded down $1.07 during mid-day trading on Wednesday, hitting $71.94. 1,789,752 shares of the company traded hands, compared to its average volume of 2,011,799. Aptiv PLC has a 1-year low of $71.01 and a 1-year high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $19.62 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.94 and a beta of 1.90. The business has a 50 day moving average of $78.16 and a 200 day moving average of $82.76.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Equities research analysts anticipate that Aptiv PLC will post 5.66 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on APTV. Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. Barclays decreased their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Royal Bank of Canada decreased their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Oppenheimer cut their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Guggenheim cut their target price on Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $111.14.

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.