Gotham Asset Management LLC Decreases Position in Aptiv PLC (NYSE:APTV)

Gotham Asset Management LLC decreased its position in Aptiv PLC (NYSE:APTV - Free Report) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,984 shares of the auto parts company's stock after selling 22,139 shares during the quarter. Gotham Asset Management LLC's holdings in Aptiv were worth $2,237,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new stake in Aptiv during the fourth quarter worth $37,000. CENTRAL TRUST Co grew its stake 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 buying an additional 677 shares during the last quarter. GeoWealth Management LLC increased its holdings in shares of Aptiv by 203.2% during the fourth 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 in the last quarter. Quarry LP bought a new position in shares of Aptiv in the 4th quarter valued at $105,000. Finally, Covestor Ltd grew its position in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock worth $110,000 after acquiring an additional 186 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Guggenheim cut their price target on Aptiv from $75.00 to $64.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday. Piper Sandler upped their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Baird R W raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Finally, Evercore ISI reduced their price objective on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.33.

Aptiv Stock Down 1.3%

Shares of NYSE APTV traded down $0.92 during mid-day trading on Monday, reaching $67.34. 1,820,607 shares of the company's stock traded hands, compared to its average volume of 3,515,600. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The business has a 50-day simple moving average of $58.30 and a 200 day simple moving average of $59.60. The stock has a market cap of $14.66 billion, a P/E ratio of 9.79, a PEG ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.35.

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

Insider Activity

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company's stock, valued at $8,203,023.50. This represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.