TimesSquare Capital Management LLC Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

TimesSquare Capital Management LLC cut its stake in Aptiv PLC (NYSE:APTV) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,097 shares of the auto parts company’s stock after selling 194,245 shares during the period. TimesSquare Capital Management LLC owned approximately 0.12% of Aptiv worth $30,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Aptiv by 7.1% in the 4th quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock valued at $651,978,000 after purchasing an additional 483,157 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Aptiv by 1.1% in the 3rd quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after buying an additional 53,288 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Aptiv by 11.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,815,339 shares of the auto parts company’s stock worth $342,312,000 after buying an additional 395,414 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Aptiv by 6.0% during the 3rd quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock valued at $325,572,000 after buying an additional 187,046 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

Aptiv Stock Up 0.2 %

APTV stock traded up $0.20 during midday trading on Wednesday, reaching $83.20. 1,635,299 shares of the company were exchanged, compared to its average volume of 2,743,753. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60. The stock’s 50-day simple moving average is $76.35 and its 200 day simple moving average is $80.42.

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

Analysts Set New Price Targets

APTV has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Royal Bank of Canada lowered their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company reduced their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Barclays lowered their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Finally, Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $108.31.

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.