Aptiv PLC (NYSE:APTV) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its position in Aptiv PLC (NYSE:APTV) by 20.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,900 shares of the auto parts company’s stock after selling 2,836 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Aptiv were worth $659,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management acquired a new position in Aptiv during the fourth quarter worth about $37,000. CENTRAL TRUST Co lifted its position in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Aptiv by 203.2% during the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after purchasing an additional 1,022 shares in the last quarter. Quarry LP acquired a new stake in Aptiv in the fourth quarter valued at $105,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 1,145 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on APTV shares. UBS Group upped their price target on shares of Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Guggenheim decreased their target price on shares of Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Argus raised shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Finally, Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.06.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Aptiv Stock Performance

Shares of APTV stock opened at $68.13 on Friday. The business’s 50 day moving average is $58.20 and its two-hundred day moving average is $59.66. Aptiv PLC has a 12-month low of $47.19 and a 12-month high of $85.35. The company has a market capitalization of $14.83 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.62 and a beta of 1.44. 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) last announced its quarterly earnings data 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. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.