Aptiv PLC (NYSE:APTV) Holdings Reduced by UBS Group AG

UBS Group AG decreased its position in Aptiv PLC (NYSE:APTV) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 288,124 shares of the auto parts company’s stock after selling 72,851 shares during the period. UBS Group AG’s holdings in Aptiv were worth $23,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Aptiv by 6.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 45,290,324 shares of the auto parts company’s stock worth $3,660,817,000 after purchasing an additional 2,805,856 shares during the last quarter. Lazard Asset Management LLC grew its position in Aptiv by 1.4% in the 1st quarter. Lazard Asset Management LLC now owns 5,879,004 shares of the auto parts company’s stock worth $467,321,000 after purchasing an additional 83,653 shares during the last quarter. Generation Investment Management LLP grew its position in Aptiv by 34.0% in the 2nd quarter. Generation Investment Management LLP now owns 5,659,743 shares of the auto parts company’s stock worth $457,477,000 after purchasing an additional 1,437,306 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Aptiv by 0.9% in the second quarter. Janus Henderson Group PLC now owns 4,511,620 shares of the auto parts company’s stock valued at $365,003,000 after acquiring an additional 41,542 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Aptiv by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 3,854,860 shares of the auto parts company’s stock valued at $306,363,000 after acquiring an additional 61,182 shares in the last quarter. Hedge funds and other institutional investors own 95.19% of the company’s stock.

NYSE:APTV traded up $0.71 during trading hours on Thursday, reaching $82.93. 583,595 shares of the company’s stock were exchanged, compared to its average volume of 1,025,978. The company has a market capitalization of $22.40 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.54 and a beta of 2.05. Aptiv PLC has a 12 month low of $58.80 and a 12 month high of $91.57. The company has a quick ratio of 0.89, a current ratio of 1.22 and a debt-to-equity ratio of 1.16. The business’s 50-day simple moving average is $85.40 and its two-hundred day simple moving average is $81.14.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, July 31st. The auto parts company reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.20. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Aptiv had a net margin of 6.86% and a return on equity of 34.92%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. As a group, sell-side analysts anticipate that Aptiv PLC will post 5.11 earnings per share for the current fiscal year.

Several research firms have recently issued reports on APTV. Buckingham Research increased their price objective on shares of Aptiv from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Credit Suisse Group increased their price objective on shares of Aptiv from $90.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Bank of America cut shares of Aptiv from a “buy” rating to a “neutral” rating in a report on Friday, September 13th. ValuEngine cut shares of Aptiv from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of Aptiv from $63.00 to $62.00 and set an “underweight” rating for the company in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Aptiv currently has an average rating of “Buy” and an average target price of $92.35.

In related news, CFO Joseph R. Massaro sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $89.56, for a total value of $250,768.00. Also, CAO Allan J. Brazier sold 4,752 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $90.00, for a total transaction of $427,680.00. Company insiders own 0.40% of the company’s stock.

Aptiv Company Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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