Aptiv PLC (NYSE:APTV) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,045 shares of the auto parts company's stock after selling 118,815 shares during the period. Reynders McVeigh Capital Management LLC's holdings in Aptiv were worth $4,599,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after purchasing an additional 1,517,104 shares during the last quarter. FMR LLC boosted its stake in shares of Aptiv by 1.7% in the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares during the last quarter. Franklin Resources Inc. grew its holdings in Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock worth $371,767,000 after acquiring an additional 1,408,433 shares during the period. Victory Capital Management Inc. raised its position in Aptiv by 6.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after acquiring an additional 223,831 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company's stock worth $172,117,000 after buying an additional 468,069 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APTV. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price objective for the company in a research report on Friday, February 7th. Raymond James restated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. StockNews.com began coverage on shares of Aptiv in a report on Saturday, April 12th. They set a "hold" rating for the company. Argus raised shares of Aptiv to a "strong-buy" rating in a research note on Tuesday, February 11th. Finally, Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $82.44.

Aptiv Stock Up 2.0 %

Shares of APTV traded up $1.04 during midday trading on Friday, hitting $51.75. The company had a trading volume of 2,759,220 shares, compared to its average volume of 3,528,483. The company's 50-day simple moving average is $60.95 and its 200-day simple moving average is $61.21. 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 1 year low of $47.19 and a 1 year high of $85.56. The firm has a market capitalization of $11.87 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS 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, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's 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 transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.45% of the company's stock.

About Aptiv

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.