Aptiv PLC (NYSE:APTV) Stock Position Lowered by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lessened its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,674 shares of the auto parts company's stock after selling 8,768 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Aptiv were worth $585,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Aptiv during the third quarter worth approximately $783,000. World Investment Advisors LLC acquired a new stake in shares of Aptiv during the third quarter worth $212,000. Tidal Investments LLC grew its position in shares of Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company's stock valued at $1,117,000 after purchasing an additional 3,553 shares during the period. Franklin Resources Inc. increased its stake in Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Finally, Inspire Trust Co. N.A. lifted its position in Aptiv by 48.0% during the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company's stock worth $2,016,000 after buying an additional 9,075 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now 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 SEC, which is available through the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on APTV shares. TD Cowen began coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a "buy" rating and a $90.00 target price on the stock. HSBC raised shares of Aptiv from a "hold" rating to a "buy" rating and boosted their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Robert W. Baird reduced their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a "hold" rating to a "buy" rating and set a $78.00 target price for the company in a research report on Friday, February 7th. Finally, Oppenheimer lifted their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.94.

Aptiv Stock Up 1.2 %

Shares of Aptiv stock traded up $0.69 on Tuesday, hitting $56.97. 287,864 shares of the company's stock traded hands, compared to its average volume of 3,524,136. The firm's 50-day moving average is $59.19 and its 200 day moving average is $60.26. The stock has a market cap of $13.07 billion, a P/E ratio of 8.27, a PEG ratio of 0.62 and a beta of 1.64. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

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 analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

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.