Applied Finance Capital Management LLC cut its position in Aptiv PLC (NYSE:APTV - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 490,996 shares of the auto parts company's stock after selling 7,294 shares during the quarter. Applied Finance Capital Management LLC owned approximately 0.21% of Aptiv worth $29,695,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in Aptiv during the 4th quarter worth $37,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after acquiring an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 1,145 shares in the last quarter. Westpac Banking Corp raised its position in shares of Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 341 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock valued at $115,000 after purchasing an additional 918 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on APTV shares. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and raised their price target for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a research note on Friday, February 7th. Argus upgraded Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Barclays raised their price objective on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.78.
Check Out Our Latest Research Report on Aptiv
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is owned by company insiders.
Aptiv Price Performance
APTV traded down $1.42 during midday trading on Friday, hitting $48.00. 4,486,209 shares of the company traded hands, compared to its average volume of 3,514,916. The business has a 50 day simple moving average of $61.94 and a two-hundred day simple moving average of $61.66. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.62 and a beta of 1.64. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.
Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.
Aptiv Profile
(
Free Report)
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.
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