Nordea Investment Management AB Lowers Stock Position in Aptiv PLC (NYSE:APTV)

Nordea Investment Management AB reduced its position in shares of Aptiv PLC (NYSE:APTV) by 97.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,112 shares of the auto parts company’s stock after selling 650,398 shares during the period. Nordea Investment Management AB’s holdings in Aptiv were worth $1,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APTV. PRW Wealth Management LLC purchased a new stake in Aptiv in the fourth quarter worth about $28,000. Thor Advisors LLC purchased a new stake in Aptiv in the first quarter worth approximately $33,000. Resources Investment Advisors Inc. purchased a new stake in Aptiv in the fourth quarter worth approximately $34,000. Botty Investors LLC purchased a new stake in Aptiv in the first quarter worth approximately $40,000. Finally, Essex Savings Bank boosted its holdings in Aptiv by 88.1% in the first quarter. Essex Savings Bank now owns 555 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Shares of APTV traded up $1.44 during trading hours on Friday, reaching $80.09. 1,190,998 shares of the stock traded hands, compared to its average volume of 1,341,046. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 1.20. Aptiv PLC has a 52-week low of $58.80 and a 52-week high of $98.77. The company’s 50-day simple moving average is $76.60. The company has a market capitalization of $20.28 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.42 and a beta of 2.06.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Aptiv had a net margin of 6.95% and a return on equity of 35.66%. Aptiv’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.29 EPS. Equities research analysts expect that Aptiv PLC will post 4.98 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Buckingham Research raised their target price on shares of SYSCO from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. KeyCorp raised their target price on shares of WPX Energy from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Oppenheimer set a $10.00 price target on shares of Motus GI and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Wolfe Research cut shares of Southwestern Energy from a “peer perform” rating to an “underperform” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.76.

Aptiv Profile

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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