Ariel Investments LLC lowered its position in shares of Aptiv PLC (NYSE:APTV - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 879,186 shares of the auto parts company's stock after selling 80,758 shares during the period. Ariel Investments LLC owned approximately 0.37% of Aptiv worth $53,173,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in APTV. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the 4th quarter valued at approximately $37,000. CENTRAL TRUST Co raised its holdings in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after purchasing an additional 677 shares during the period. GeoWealth Management LLC lifted its position in shares of Aptiv by 203.2% in the 4th 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 last quarter. Quarry LP acquired a new position in shares of Aptiv in the 4th quarter valued at about $105,000. Finally, Hazlett Burt & Watson Inc. raised its stake in 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 acquiring an additional 1,145 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.
Aptiv Stock Performance
APTV stock traded down $0.53 on Tuesday, reaching $58.26. 2,141,913 shares of the company were exchanged, compared to its average volume of 3,489,263. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $85.56. The stock's fifty day moving average price is $58.30 and its 200 day moving average price is $59.82. The firm has a market capitalization of $13.37 billion, a PE ratio of 8.47, a PEG ratio of 0.62 and a beta of 1.64.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.
Insider Buying and Selling at Aptiv
In other 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 value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.45% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on APTV. Guggenheim lowered their target price on Aptiv from $75.00 to $64.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Robert W. Baird dropped their price objective on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Evercore ISI decreased their target price 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. Finally, Piper Sandler lifted their price target on Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.06.
Check Out Our Latest Report on Aptiv
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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