Concentric Capital Strategies LP Sells 82,861 Shares of Aptiv PLC (NYSE:APTV)

Concentric Capital Strategies LP lessened its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 82.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,947 shares of the auto parts company's stock after selling 82,861 shares during the quarter. Concentric Capital Strategies LP's holdings in Aptiv were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Aptiv by 11.4% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after purchasing an additional 186 shares in the last quarter. Boston Common Asset Management LLC increased its position in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after buying an additional 188 shares during the period. Horizon Investments LLC raised its stake in Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company's stock worth $231,000 after buying an additional 219 shares in the last quarter. Westpac Banking Corp lifted its holdings in Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company's stock worth $115,000 after buying an additional 341 shares during the period. Finally, Meiji Yasuda Life Insurance Co boosted its position in Aptiv by 1.9% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company's stock valued at $1,183,000 after acquiring an additional 360 shares in the last quarter. Institutional investors own 94.21% of the company's stock.

Aptiv Price Performance

NYSE APTV opened at $59.00 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.62 and a beta of 1.44. The stock has a 50-day moving average of $58.03 and a 200 day moving average of $59.80. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35.

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

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Baird R W raised Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and upped their target price for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. UBS Group lifted their price target on shares of Aptiv from $58.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.06.

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.

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