Aptiv PLC (NYSE:APTV) Shares Sold by Sandy Spring Bank

Sandy Spring Bank decreased its position in Aptiv PLC (NYSE:APTV - Free Report) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,964 shares of the auto parts company's stock after selling 26,939 shares during the period. Sandy Spring Bank's holdings in Aptiv were worth $240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC increased its position in shares of Aptiv by 264.4% during the 4th quarter. Intech Investment Management LLC now owns 18,565 shares of the auto parts company's stock worth $1,123,000 after purchasing an additional 13,471 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Aptiv during the fourth quarter worth about $881,000. Horizon Investments LLC increased its position in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock valued at $231,000 after acquiring an additional 219 shares during the last quarter. Retirement Planning Co of New England Inc. raised its stake in shares of Aptiv by 11.9% in the 4th quarter. Retirement Planning Co of New England Inc. now owns 5,465 shares of the auto parts company's stock valued at $331,000 after acquiring an additional 580 shares during the period. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of Aptiv by 301.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 65,646 shares of the auto parts company's stock worth $3,970,000 after acquiring an additional 49,281 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

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Aptiv Stock Up 2.1 %

APTV stock traded up $1.33 during midday trading on Wednesday, reaching $65.82. 3,371,946 shares of the company were exchanged, compared to its average volume of 3,525,788. The stock's 50-day simple moving average is $63.94 and its 200 day simple moving average is $63.07. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV - Get Free Report) last announced 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 year.

Analysts Set New Price Targets

APTV has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. TD Cowen initiated coverage on Aptiv in a report on Friday, March 7th. They issued a "buy" rating and a $90.00 price objective on the stock. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Oppenheimer boosted their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Guggenheim reissued a "buy" rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.61.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.45% of the company's stock.

Aptiv 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.