Metis Global Partners LLC Reduces Holdings in Aptiv PLC (NYSE:APTV)

Metis Global Partners LLC lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,584 shares of the auto parts company’s stock after selling 550 shares during the quarter. Metis Global Partners LLC’s holdings in Aptiv were worth $1,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of APTV. Assetmark Inc. boosted its stake in Aptiv by 7.8% during the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after acquiring an additional 129 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Aptiv by 2.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after acquiring an additional 145 shares during the period. Bangor Savings Bank raised its holdings in shares of Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock valued at $1,045,000 after purchasing an additional 163 shares during the last quarter. Nova R Wealth Inc. lifted its position in Aptiv by 2.5% during the fourth quarter. Nova R Wealth Inc. now owns 9,436 shares of the auto parts company’s stock valued at $847,000 after purchasing an additional 234 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Aptiv by 2.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,850 shares of the auto parts company’s stock worth $1,070,000 after purchasing an additional 253 shares during the period. 94.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APTV has been the topic of several research analyst reports. Citigroup lowered their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Oppenheimer cut their price target on Aptiv from $148.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Piper Sandler lowered their price objective on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Guggenheim raised their target price on Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays lowered their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.31.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the sale, the senior vice president now directly owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by company insiders.

Aptiv Stock Performance

APTV opened at $83.20 on Thursday. The stock has a market capitalization of $22.64 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.97 and a beta of 1.90. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The company has a fifty day moving average of $76.35 and a 200 day moving average of $80.42.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. As a group, sell-side analysts forecast that Aptiv PLC will post 5.99 earnings per share for the current fiscal year.

Aptiv Profile

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.