Proficio Capital Partners LLC Takes $4.18 Million Position in Aptiv PLC (NYSE:APTV)

Proficio Capital Partners LLC bought a new stake in Aptiv PLC (NYSE:APTV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 69,129 shares of the auto parts company's stock, valued at approximately $4,181,000.

Several other large investors also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its position in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock worth $32,000 after purchasing an additional 409 shares during the period. Brooklyn Investment Group acquired a new position in Aptiv in the 3rd quarter valued at $43,000. CENTRAL TRUST Co raised 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 worth $52,000 after acquiring an additional 677 shares during the period. Transamerica Financial Advisors Inc. acquired a new position in Aptiv during the 3rd quarter worth $64,000. Finally, SRS Capital Advisors Inc. boosted 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 valued at $115,000 after acquiring an additional 918 shares during the period. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Down 0.1 %

Aptiv stock traded down $0.09 during mid-day trading on Friday, reaching $62.40. The company's stock had a trading volume of 8,966,202 shares, compared to its average volume of 3,266,593. 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 PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The business's 50 day simple moving average is $63.76 and its 200 day simple moving average is $63.30. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78.

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Aptiv (NYSE:APTV - Get Free Report) last issued 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 return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Guggenheim restated a "buy" rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Argus raised Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Finally, Evercore ISI decreased their price objective on Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.61.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction that occurred on 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 owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% 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.