Cannell & Spears LLC reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,794 shares of the auto parts company's stock after selling 17,916 shares during the period. Cannell & Spears LLC owned about 0.07% of Aptiv worth $9,241,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in Aptiv during the 4th quarter worth about $37,000. CENTRAL TRUST Co lifted its stake in 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 purchasing an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company's stock valued at $110,000 after purchasing an additional 1,145 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Aptiv by 93.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company's stock worth $115,000 after purchasing an additional 918 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 94.21% of the company's stock.
Insider Buying and Selling
In related news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.45% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on APTV shares. Oppenheimer lifted 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. Barclays lifted their target price on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Piper Sandler raised their price target on Aptiv from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. HSBC upgraded Aptiv from a "hold" rating to a "buy" rating and boosted their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Guggenheim restated a "buy" rating and set a $73.00 target price on shares of Aptiv in a research report 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.61.
Check Out Our Latest Research Report on Aptiv
Aptiv Price Performance
APTV stock traded down $3.59 during midday trading on Friday, hitting $51.81. 2,035,880 shares of the stock were exchanged, compared to its average volume of 3,560,328. The stock's 50-day moving average price is $63.75 and its 200-day moving average price is $62.80. 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 stock has a market cap of $11.89 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.62 and a beta of 1.78. Aptiv PLC has a fifty-two week low of $50.10 and a fifty-two week high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. Research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.
About Aptiv
(
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.
Featured Articles
Before you consider Aptiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aptiv wasn't on the list.
While Aptiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
