CIBC Asset Management Inc Has $2.53 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

CIBC Asset Management Inc grew its holdings in shares of Aptiv PLC (NYSE:APTVGet Rating) by 10.8% in the third quarter, Holdings Channel reports. The institutional investor owned 32,300 shares of the auto parts company’s stock after acquiring an additional 3,150 shares during the period. CIBC Asset Management Inc’s holdings in Aptiv were worth $2,526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Point72 Asset Management L.P. boosted its stake in Aptiv by 209.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,616,175 shares of the auto parts company’s stock valued at $143,953,000 after purchasing an additional 1,093,163 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Aptiv by 31.7% during the second quarter. Goldman Sachs Group Inc. now owns 3,656,102 shares of the auto parts company’s stock worth $325,649,000 after buying an additional 880,481 shares in the last quarter. Nordea Investment Management AB raised its position in Aptiv by 36.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,403,339 shares of the auto parts company’s stock valued at $194,190,000 after buying an additional 647,596 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Aptiv by 17.5% during the 3rd quarter. Victory Capital Management Inc. now owns 3,154,833 shares of the auto parts company’s stock valued at $246,740,000 after acquiring an additional 469,090 shares in the last quarter. Finally, Glenview Capital Management LLC boosted its holdings in Aptiv by 35.4% during the 2nd quarter. Glenview Capital Management LLC now owns 1,489,959 shares of the auto parts company’s stock worth $132,711,000 after acquiring an additional 389,773 shares during the last quarter. 90.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the subject of several analyst reports. Raymond James lowered their target price on shares of Aptiv from $145.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, November 4th. Morgan Stanley cut Aptiv from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $120.00 to $105.00 in a research note on Monday, November 28th. Citigroup dropped their price target on Aptiv from $150.00 to $128.00 and set a “buy” rating on the stock in a research report on Wednesday, September 28th. Royal Bank of Canada reduced their price objective on shares of Aptiv from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, December 15th. Finally, StockNews.com began coverage on shares of Aptiv in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.44.

Insider Transactions at Aptiv

In related news, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $95.34, for a total transaction of $635,441.10. Following the transaction, the chief executive officer now owns 559,237 shares of the company’s stock, valued at approximately $53,317,655.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Aptiv Trading Down 1.2 %

NYSE APTV opened at $106.02 on Wednesday. The company has a quick ratio of 2.10, a current ratio of 2.66 and a debt-to-equity ratio of 0.76. The stock’s 50-day simple moving average is $99.32 and its two-hundred day simple moving average is $96.22. Aptiv PLC has a twelve month low of $77.96 and a twelve month high of $147.05. The company has a market capitalization of $28.73 billion, a price-to-earnings ratio of 92.19, a PEG ratio of 1.93 and a beta of 2.01.

Aptiv (NYSE:APTVGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The auto parts company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.24. The company had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aptiv had a return on equity of 9.06% and a net margin of 2.21%. Aptiv’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $0.38 EPS. Research analysts forecast that Aptiv PLC will post 3.35 EPS for the current fiscal year.

About Aptiv

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Aptiv PLC designs, manufacturers, and sells vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segment, Signal and Power Solutions, and Advanced Safety and User Experience. The Signal and Power Solutions segment designs, manufactures, and assembles vehicle's electrical architecture, including engineered component products, connectors, wiring assemblies and harnesses, cable management products, electrical centers, and hybrid high voltage and safety distribution systems.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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