Sandhill Capital Partners LLC Cuts Holdings in Aptiv PLC (NYSE:APTV)

Sandhill Capital Partners LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,069 shares of the auto parts company's stock after selling 253,557 shares during the quarter. Sandhill Capital Partners LLC's holdings in Aptiv were worth $275,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Aptiv by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company's stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Aptiv by 65.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company's stock worth $193,650,000 after acquiring an additional 850,294 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company's stock worth $127,121,000 after acquiring an additional 747,666 shares in the last quarter. Impax Asset Management Group plc boosted its position in shares of Aptiv by 10.7% during the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company's stock worth $668,843,000 after acquiring an additional 656,845 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Aptiv during the 3rd quarter worth about $52,529,000. Hedge funds and other institutional investors own 94.21% of the company's stock.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company's stock, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APTV. Robert W. Baird cut Aptiv from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Wells Fargo & Company decreased their price objective on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Royal Bank of Canada cut their target price on Aptiv from $115.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, February 1st. JPMorgan Chase & Co. cut their target price on Aptiv from $110.00 to $109.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Barclays dropped their price objective on Aptiv from $112.00 to $110.00 and set an "overweight" rating for the company in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $109.93.

Aptiv Trading Down 1.8 %

Aptiv stock traded down $1.27 during midday trading on Thursday, reaching $70.13. The stock had a trading volume of 1,618,540 shares, compared to its average volume of 2,636,873. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60. The stock has a market capitalization of $19.12 billion, a PE ratio of 6.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The stock's 50-day simple moving average is $76.82 and its 200 day simple moving average is $81.77.

Aptiv (NYSE:APTV - Get Free Report) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.95 billion. Analysts expect that Aptiv PLC will post 5.62 EPS for the current year.

Aptiv 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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