Dai ichi Life Insurance Company Ltd Trims Stock Holdings in Aptiv PLC (NYSE:APTV)

Dai ichi Life Insurance Company Ltd trimmed its holdings in Aptiv PLC (NYSE:APTV) by 23.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,305 shares of the auto parts company’s stock after selling 6,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Aptiv were worth $1,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APTV. Swedbank AB acquired a new stake in Aptiv in the second quarter valued at $25,018,000. Virtu Financial LLC acquired a new stake in shares of Aptiv in the 1st quarter valued at about $605,000. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the third quarter worth about $1,815,000. Parkside Investments LLC grew its stake in Aptiv by 64.4% in the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after purchasing an additional 39,685 shares in the last quarter. Finally, AMF Tjanstepension AB increased its holdings in Aptiv by 21.4% in the second quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock valued at $8,242,000 after buying an additional 20,593 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Price Performance

Shares of Aptiv stock opened at $55.50 on Thursday. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $91.66. The firm has a fifty day simple moving average of $64.27 and a 200-day simple moving average of $69.86. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.58 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.30 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Aptiv PLC will post 6.15 earnings per share for the current year.

Wall Street Analyst Weigh In

APTV has been the topic of a number of research analyst reports. StockNews.com began coverage on Aptiv in a report on Wednesday. They set a “hold” rating on the stock. TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a report on Friday, November 1st. Morgan Stanley dropped their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Robert W. Baird decreased their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.29.

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.