Mirae Asset Global Investments Co. Ltd. Has $18.03 Million Position in Aptiv PLC (NYSE:APTV)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Aptiv PLC (NYSE:APTV) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,939 shares of the auto parts company’s stock after selling 8,318 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Aptiv worth $18,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC acquired a new stake in Aptiv during the 4th quarter worth approximately $1,492,000. New York State Teachers Retirement System lifted its holdings in Aptiv by 6.7% during the 4th quarter. New York State Teachers Retirement System now owns 286,492 shares of the auto parts company’s stock worth $25,704,000 after purchasing an additional 17,889 shares during the last quarter. Park Place Capital Corp lifted its holdings in Aptiv by 43.2% during the 4th quarter. Park Place Capital Corp now owns 2,054 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 620 shares during the last quarter. Augustine Asset Management Inc. lifted its holdings in Aptiv by 5.4% during the 4th quarter. Augustine Asset Management Inc. now owns 53,620 shares of the auto parts company’s stock worth $4,811,000 after purchasing an additional 2,747 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Aptiv during the 4th quarter worth approximately $13,120,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APTV. Royal Bank of Canada dropped their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Wells Fargo & Company dropped their price objective on Aptiv from $84.00 to $83.00 in a report on Monday. Piper Sandler dropped their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Oppenheimer dropped their price objective on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Finally, Citigroup dropped their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $111.29.

Aptiv Price Performance

Aptiv stock opened at $78.93 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. Aptiv PLC has a 52 week low of $71.01 and a 52 week high of $113.60. The stock has a market capitalization of $21.52 billion, a P/E ratio of 7.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.90. The stock has a fifty day moving average of $79.06 and a 200-day moving average of $83.60.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. On average, sell-side analysts expect that Aptiv PLC will post 5.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

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

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.