Lighthouse Investment Partners LLC trimmed its stake in Aptiv PLC (NYSE:APTV - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,911 shares of the auto parts company's stock after selling 46,089 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Aptiv were worth $6,587,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in Aptiv in the fourth quarter valued at about $37,000. CENTRAL TRUST Co boosted its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock valued at $52,000 after acquiring an additional 677 shares during the last quarter. GeoWealth Management LLC boosted its stake in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company's stock valued at $92,000 after acquiring an additional 1,022 shares during the last quarter. Quarry LP purchased a new position in Aptiv in the fourth quarter valued at about $105,000. Finally, Covestor Ltd boosted its stake in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company's stock valued at $110,000 after acquiring an additional 186 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Aptiv
In other news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 125,237 shares of the company's stock, valued at approximately $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on APTV shares. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. Robert W. Baird lowered their price target on shares of Aptiv from $84.00 to $65.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Raymond James reissued a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. Evercore ISI lowered their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Finally, UBS Group boosted 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.06.
Check Out Our Latest Stock Report on APTV
Aptiv Price Performance
Shares of NYSE:APTV traded up $0.11 during trading on Friday, reaching $68.21. The company had a trading volume of 1,765,220 shares, compared to its average volume of 3,522,408. The company has a fifty day moving average of $58.30 and a two-hundred day moving average of $59.60. The stock has a market capitalization of $14.85 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. Aptiv PLC has a 12 month low of $47.19 and a 12 month high of $85.35. 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 EPS for the quarter, topping analysts' consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. Equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.
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.
Featured Stories
Before you consider Aptiv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aptiv wasn't on the list.
While Aptiv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
