Zurcher Kantonalbank Zurich Cantonalbank Reduces Position in Aptiv PLC (NYSE:APTV)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Aptiv PLC (NYSE:APTV) by 23.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 85,071 shares of the auto parts company’s stock after selling 26,330 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Aptiv were worth $5,145,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APTV. FMR LLC grew its stake in shares of Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. grew its position in Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. Victory Capital Management Inc. raised its stake in Aptiv by 6.1% during the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after buying an additional 223,831 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after buying an additional 468,069 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Aptiv Trading Up 1.8 %

Aptiv stock opened at $63.28 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm’s 50 day moving average price is $63.64 and its 200-day moving average price is $63.53. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market cap of $14.52 billion, a P/E ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on APTV shares. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Oppenheimer boosted their target price on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, UBS Group increased their price target on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.