Securian Asset Management Inc. Sells 2,135 Shares of Aptiv PLC (NYSE:APTV)

Securian Asset Management Inc. decreased its holdings in Aptiv PLC (NYSE:APTV) by 14.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,563 shares of the auto parts company’s stock after selling 2,135 shares during the period. Securian Asset Management Inc.’s holdings in Aptiv were worth $760,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. South Dakota Investment Council grew its stake in shares of Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares during the last quarter. Focus Financial Network Inc. bought a new stake in shares of Aptiv in the fourth quarter worth $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Aptiv during the third quarter valued at $14,893,000. Finally, Shorepath Capital Management LLC boosted its position in Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Aptiv stock opened at $63.28 on Friday. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company’s 50 day moving average price is $63.64 and its two-hundred day moving average price is $63.48. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $14.52 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APTV. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their price target for the company from $63.00 to $77.00 in a research report on Tuesday, February 4th. Evercore ISI cut their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $86.50.

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.