Sumitomo Life Insurance Co. Decreases Position in Aptiv PLC (NYSE:APTV)

Sumitomo Life Insurance Co. decreased its position in shares of Aptiv PLC (NYSE:APTV) by 67.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,320 shares of the auto parts company’s stock after selling 11,170 shares during the period. Sumitomo Life Insurance Co.’s holdings in Aptiv were worth $322,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in Aptiv by 1,410.3% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Aptiv during the third quarter valued at approximately $43,000. Brooklyn Investment Group purchased a new stake in Aptiv in the third quarter worth approximately $43,000. Finally, Mather Group LLC. raised its stake in Aptiv by 36.9% during the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 0.3 %

Aptiv stock opened at $62.88 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $88.89. The firm’s 50 day moving average price is $59.25 and its 200-day moving average price is $64.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market cap of $14.78 billion, a P/E ratio of 7.02, a PEG ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the firm posted $1.30 EPS. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APTV shares. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $75.00 to $82.00 in a research note on Monday. Morgan Stanley lowered their price objective on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.47.

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.