Aptiv PLC (NYSE:APTV) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Aptiv PLC (NYSE:APTV - Free Report) by 77.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 287,803 shares of the auto parts company's stock after selling 1,016,867 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Aptiv worth $17,406,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. South Dakota Investment Council boosted its stake in Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company's stock worth $7,799,000 after buying an additional 31,941 shares during the last quarter. Focus Financial Network Inc. purchased a new stake in shares of Aptiv in the 4th quarter valued at approximately $379,000. Shorepath Capital Management LLC increased its holdings in shares of Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after buying an additional 11,835 shares during the last quarter. Diametric Capital LP purchased a new stake in shares of Aptiv during the 4th quarter valued at approximately $972,000. Finally, abrdn plc acquired a new position in shares of Aptiv in the 4th quarter valued at $30,374,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

Shares of NYSE:APTV traded up $1.04 during trading on Friday, hitting $51.75. 2,759,220 shares of the stock were exchanged, compared to its average volume of 3,528,483. The company has a fifty day moving average price of $60.95 and a two-hundred day moving average price of $61.21. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $11.87 billion, a PE ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.56.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Aptiv from $75.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Piper Sandler increased their target price on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. StockNews.com assumed coverage on Aptiv in a research report on Saturday, April 12th. They issued a "hold" rating for the company. Finally, TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a "buy" rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.44.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was 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 in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by company insiders.

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.