Cinctive Capital Management LP Sells 15,943 Shares of Aptiv PLC (NYSE:APTV)

Cinctive Capital Management LP reduced its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,361 shares of the auto parts company's stock after selling 15,943 shares during the quarter. Cinctive Capital Management LP's holdings in Aptiv were worth $4,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APTV. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the 4th quarter worth about $37,000. CENTRAL TRUST Co lifted its holdings in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position 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 buying an additional 1,145 shares during the last quarter. SRS Capital Advisors Inc. grew 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 buying an additional 918 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Aptiv in the 3rd quarter valued at $212,000. Institutional investors own 94.21% of the company's stock.

Aptiv Stock Performance

Shares of NYSE APTV traded down $0.12 during midday trading on Tuesday, hitting $51.86. The company's stock had a trading volume of 931,675 shares, compared to its average volume of 3,444,755. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of 7.55, a P/E/G 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. The stock has a fifty day moving average price of $63.30 and a 200 day moving average price of $62.46. Aptiv PLC has a one year low of $50.07 and a one year high of $85.56.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and upped their target price for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Royal Bank of Canada boosted 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. Oppenheimer increased their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.61.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company's 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 sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is owned by corporate 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.