Fjarde AP Fonden Fourth Swedish National Pension Fund Has $13.71 Million Holdings in Aptiv PLC $APTV

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Aptiv PLC (NYSE:APTV) by 12.6% in the first quarter, HoldingsChannel.com reports. The fund owned 197,409 shares of the auto parts company’s stock after buying an additional 22,150 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Aptiv were worth $13,708,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Westpac Banking Corp lifted its stake in Aptiv by 6.6% in the 4th quarter. Westpac Banking Corp now owns 1,905 shares of the auto parts company’s stock valued at $145,000 after purchasing an additional 118 shares during the last quarter. Sivia Capital Partners LLC raised its position in Aptiv by 3.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,734 shares of the auto parts company’s stock worth $284,000 after purchasing an additional 120 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Aptiv by 4.2% in the fourth quarter. Advisors Asset Management Inc. now owns 3,559 shares of the auto parts company’s stock worth $271,000 after acquiring an additional 143 shares during the period. Benjamin Edwards Inc. lifted its position in shares of Aptiv by 0.5% in the 4th quarter. Benjamin Edwards Inc. now owns 34,728 shares of the auto parts company’s stock worth $2,642,000 after purchasing an additional 156 shares during the period. Finally, Unified Investment Management lifted its holdings in Aptiv by 1.3% in the fourth quarter. Unified Investment Management now owns 12,384 shares of the auto parts company’s stock valued at $942,000 after buying an additional 161 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Aptiv from $82.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Royal Bank Of Canada lowered their target price on shares of Aptiv from $104.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings cut Aptiv from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Oppenheimer dropped their target price on shares of Aptiv from $106.00 to $84.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Finally, Piper Sandler dropped their price target on Aptiv from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, June 8th. Twenty-two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.46.

Aptiv Stock Performance

NYSE APTV opened at $58.89 on Friday. Aptiv PLC has a 52-week low of $51.68 and a 52-week high of $88.93. The company has a 50-day simple moving average of $61.49 and a 200 day simple moving average of $69.76. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $12.46 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46.

Aptiv (NYSE:APTV) last released its earnings results on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the previous year, the company earned $1.69 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts predict that Aptiv PLC will post 6.3 EPS for the current year.

Insider Activity at Aptiv

In related news, EVP Katherine H. Ramundo sold 2,000 shares of Aptiv stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the sale, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. The trade was a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.