Dai ichi Life Insurance Company Ltd Sells 6,000 Shares of Aptiv PLC (NYSE:APTV)

Dai ichi Life Insurance Company Ltd lessened its stake in Aptiv PLC (NYSE:APTV) by 23.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,305 shares of the auto parts company’s stock after selling 6,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Aptiv were worth $1,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in APTV. Independence Bank of Kentucky acquired a new stake in shares of Aptiv during the 2nd quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Crewe Advisors LLC increased its holdings in Aptiv by 94.7% in the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after buying an additional 215 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Aptiv during the 2nd quarter valued at about $38,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Up 0.4 %

NYSE:APTV opened at $55.50 on Thursday. The stock’s fifty day moving average price is $64.27 and its two-hundred day moving average price is $69.86. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 6.19, a P/E/G ratio of 0.58 and a beta of 1.81. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APTV. Wolfe Research began coverage on shares of Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 price target for the company. Guggenheim cut their target price on Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Barclays lowered their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Royal Bank of Canada lowered their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Company 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.