Meiji Yasuda Life Insurance Co Sells 2,092 Shares of Aptiv PLC (NYSE:APTV)

Meiji Yasuda Life Insurance Co trimmed its position in Aptiv PLC (NYSE:APTV) by 10.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 18,158 shares of the auto parts company’s stock after selling 2,092 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Aptiv were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in shares of Aptiv in the 1st quarter worth approximately $25,000. Hazlett Burt & Watson Inc. bought a new position in Aptiv in the 1st quarter worth about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv during the 4th quarter valued at about $29,000. GAMMA Investing LLC purchased a new stake in Aptiv during the 4th quarter valued at about $32,000. Finally, Clearstead Trust LLC increased its stake in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $145.00 price target on shares of Aptiv in a report on Tuesday, July 9th. The Goldman Sachs Group lowered their price target on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Robert W. Baird lowered their target price on shares of Aptiv from $90.00 to $83.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Piper Sandler downgraded shares of Aptiv from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $78.00 to $63.00 in a research report on Wednesday, June 26th. Finally, Wells Fargo & Company lowered their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $97.43.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Aptiv Price Performance

Shares of NYSE APTV traded up $1.73 during mid-day trading on Wednesday, hitting $69.36. 4,139,663 shares of the company’s stock traded hands, compared to its average volume of 2,817,733. The company has a market capitalization of $18.87 billion, a P/E ratio of 6.54, a PEG ratio of 0.66 and a beta of 1.79. Aptiv PLC has a 1 year low of $65.13 and a 1 year high of $113.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.29 and a quick ratio of 0.89. The company’s 50-day moving average is $74.01 and its two-hundred day moving average is $77.03.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. On average, equities analysts anticipate that Aptiv PLC will post 5.94 EPS for the current fiscal year.

Aptiv Company 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.