Aptiv PLC (NYSE:APTV) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in shares of Aptiv PLC (NYSE:APTV) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,750 shares of the auto parts company’s stock after selling 5,157 shares during the quarter. Amalgamated Bank’s holdings in Aptiv were worth $6,168,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assetmark Inc. grew its position in Aptiv by 7.8% during the third quarter. Assetmark Inc. now owns 1,780 shares of the auto parts company’s stock worth $175,000 after buying an additional 129 shares during the period. Steph & Co. raised its holdings in Aptiv by 4.3% during the third quarter. Steph & Co. now owns 3,149 shares of the auto parts company’s stock worth $310,000 after purchasing an additional 130 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Aptiv by 2.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after purchasing an additional 145 shares during the last quarter. Bangor Savings Bank boosted its position in Aptiv by 1.4% during the fourth quarter. Bangor Savings Bank now owns 11,648 shares of the auto parts company’s stock worth $1,045,000 after purchasing an additional 163 shares in the last quarter. Finally, River Street Advisors LLC increased its position in shares of Aptiv by 8.7% in the third quarter. River Street Advisors LLC now owns 2,609 shares of the auto parts company’s stock valued at $257,000 after buying an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APTV shares. Wells Fargo & Company dropped their price objective on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Royal Bank of Canada cut their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. Oppenheimer decreased their price target on shares of Aptiv from $148.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. Guggenheim cut their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $107.85.

Aptiv Price Performance

Aptiv stock opened at $80.82 on Monday. The firm has a fifty day moving average of $76.13 and a 200-day moving average of $80.53. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $21.99 billion, a P/E ratio of 7.62, a PEG ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the company posted $0.91 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Aptiv PLC will post 5.99 EPS for the current year.

Insider Buying and Selling

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

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.