Aptiv PLC (NYSE:APTV) Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its stake in Aptiv PLC (NYSE:APTV) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,350 shares of the auto parts company’s stock after acquiring an additional 2,516 shares during the quarter. Cerity Partners LLC’s holdings in Aptiv were worth $1,018,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of APTV. Salem Investment Counselors Inc. increased its position in shares of Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after buying an additional 176 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at approximately $29,000. FWL Investment Management LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at approximately $30,000. BluePath Capital Management LLC purchased a new stake in shares of Aptiv in the third quarter valued at approximately $55,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Aptiv in the first quarter valued at approximately $56,000. 94.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $69.63 on Monday. Aptiv PLC has a 52 week low of $68.84 and a 52 week high of $113.60. The business’s fifty day simple moving average is $77.42 and its 200-day simple moving average is $82.20. The firm has a market cap of $18.99 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Equities analysts forecast that Aptiv PLC will post 5.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APTV. Robert W. Baird cut Aptiv from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $96.00 in a research report on Wednesday, January 3rd. Guggenheim dropped their price target on Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price target on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. UBS Group boosted their price target on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Finally, Wells Fargo & Company dropped their target price on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.36.

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.