Mirabella Financial Services LLP Sells 23,965 Shares of Aptiv PLC (NYSE:APTV)

Mirabella Financial Services LLP lowered its position in Aptiv PLC (NYSE:APTV - Free Report) by 63.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,685 shares of the auto parts company's stock after selling 23,965 shares during the quarter. Mirabella Financial Services LLP's holdings in Aptiv were worth $828,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

APTV has been the topic of several analyst reports. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Oppenheimer raised their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com assumed coverage on Aptiv in a report on Sunday. They issued a "hold" rating on the stock. Robert W. Baird dropped their price target on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company boosted their price objective on Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.94.

Aptiv Trading Up 2.0 %

NYSE:APTV traded up $1.06 during mid-day trading on Wednesday, hitting $53.34. The company had a trading volume of 2,532,167 shares, compared to its average volume of 3,536,288. The firm has a market cap of $12.24 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The business's fifty day moving average is $59.85 and its two-hundred day moving average is $60.72. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Activity at Aptiv

In other 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 transaction of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by corporate insiders.

Aptiv Company 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.