Aptiv PLC (NYSE:APTV) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,115 shares of the auto parts company’s stock after selling 1,256 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Aptiv were worth $3,116,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APTV. Riverview Trust Co purchased a new position in Aptiv in the first quarter valued at about $25,000. Hazlett Burt & Watson Inc. purchased a new position in Aptiv in the first quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC purchased a new position in Aptiv in the fourth quarter valued at about $29,000. GAMMA Investing LLC purchased a new position in Aptiv in the fourth quarter valued at about $32,000. Finally, Mather Group LLC. purchased a new position in Aptiv in the first quarter valued at about $33,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now directly owns 13,636 shares in the company, valued at approximately $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Aptiv Trading Up 3.1 %

Shares of NYSE APTV opened at $71.75 on Friday. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.79. Aptiv PLC has a 12-month low of $65.13 and a 12-month high of $113.60. The company has a current ratio of 1.29, a quick ratio of 0.89 and a debt-to-equity ratio of 0.42. The stock’s 50 day simple moving average is $77.29 and its 200 day simple moving average is $78.62.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Equities research analysts expect that Aptiv PLC will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com downgraded Aptiv from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company reduced their price target on Aptiv from $83.00 to $82.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. UBS Group reduced their target price on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Finally, Piper Sandler downgraded Aptiv from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $78.00 to $63.00 in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $100.92.

About Aptiv

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.