Covalis Capital LLP cut its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 291,530 shares of the auto parts company's stock after selling 125,839 shares during the quarter. Aptiv accounts for 2.6% of Covalis Capital LLP's investment portfolio, making the stock its 11th biggest holding. Covalis Capital LLP owned approximately 0.12% of Aptiv worth $17,632,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv during the 4th quarter worth about $37,000. CENTRAL TRUST Co increased its holdings in Aptiv by 356.3% in the 4th 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. GeoWealth Management LLC boosted its position in shares of Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock worth $92,000 after buying an additional 1,022 shares during the period. Hazlett Burt & Watson Inc. lifted 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 worth $110,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Aptiv by 11.4% during the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.
Insider Activity
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
APTV has been the subject of several research reports. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Evercore ISI lowered their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Piper Sandler raised their target price on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Hsbc Global Res raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Finally, HSBC upgraded shares of Aptiv from a "hold" rating to a "buy" rating and lifted their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.94.
Check Out Our Latest Report on Aptiv
Aptiv Stock Up 2.9 %
NYSE:APTV traded up $1.57 on Thursday, hitting $54.88. 1,150,915 shares of the company's stock traded hands, compared to its average volume of 3,527,003. The firm has a 50-day moving average price of $59.85 and a 200-day moving average price of $60.72. 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 $12.59 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 1 year low of $47.19 and a 1 year high of $85.56.
Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (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%. Equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal 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.
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