Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $7.27 Million Stake in Aptiv PLC $APTV

Fideuram Intesa Sanpaolo Private Banking S.P.A. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,737 shares of the auto parts company’s stock after selling 14,283 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Aptiv were worth $7,273,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of Aptiv by 34.2% during the 4th quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares in the last quarter. Thematics Asset Management raised its position in Aptiv by 56.9% in the 3rd quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock worth $22,543,000 after purchasing an additional 94,782 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Aptiv during the third quarter valued at $297,917,000. Dimensional Fund Advisors LP boosted its stake in shares of Aptiv by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock valued at $219,443,000 after purchasing an additional 65,546 shares during the last quarter. Finally, CSM Advisors LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at $19,335,000. 94.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $78.30, for a total value of $156,600.00. Following the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at approximately $12,821,781.60. This represents a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Aptiv from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Royal Bank Of Canada reduced their price objective on Aptiv from $104.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, March 31st. President Capital started coverage on Aptiv in a report on Wednesday, March 25th. They set a “buy” rating and a $82.50 price objective for the company. BNP Paribas Exane cut their target price on Aptiv from $107.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company reduced their price target on Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, June 25th. Twenty-two analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $82.46.

Aptiv Stock Performance

Shares of APTV opened at $58.89 on Friday. The firm has a 50-day moving average of $61.53 and a 200-day moving average of $69.84. The company has a market cap of $12.46 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Aptiv PLC will post 6.39 earnings per share for the current year.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.