Balyasny Asset Management L.P. Sells 2,108,625 Shares of Aptiv PLC (NYSE:APTV)

Balyasny Asset Management L.P. decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 76.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,428 shares of the auto parts company's stock after selling 2,108,625 shares during the period. Balyasny Asset Management L.P. owned 0.28% of Aptiv worth $39,338,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bearing Point Capital LLC acquired a new stake in shares of Aptiv in the fourth quarter valued at approximately $2,822,000. Benjamin Edwards Inc. boosted its position in Aptiv by 14.5% in the 4th quarter. Benjamin Edwards Inc. now owns 17,647 shares of the auto parts company's stock valued at $1,067,000 after buying an additional 2,230 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Aptiv by 102.1% in the 4th quarter. BNP Paribas Financial Markets now owns 533,917 shares of the auto parts company's stock valued at $32,291,000 after buying an additional 269,770 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Aptiv during the fourth quarter worth $23,164,000. Finally, Atlantic Investment Management Inc. lifted its stake in shares of Aptiv by 25.6% during the fourth quarter. Atlantic Investment Management Inc. now owns 763,955 shares of the auto parts company's stock valued at $46,204,000 after acquiring an additional 155,700 shares during the period. Institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com assumed coverage on Aptiv in a report on Tuesday. They set a "hold" rating for the company. Guggenheim cut their price objective on shares of Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Cowen assumed coverage on shares of Aptiv in a report on Friday, March 7th. They set a "buy" rating and a $90.00 target price for the company. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.06.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.45% of the company's stock.

Aptiv Stock Up 1.4 %

Shares of APTV stock traded up $0.86 on Friday, hitting $61.97. 1,606,589 shares of the stock were exchanged, compared to its average volume of 3,490,857. The business has a 50-day moving average of $57.96 and a 200 day moving average of $59.69. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.35. The firm has a market capitalization of $13.49 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. Equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

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.