Bleakley Financial Group LLC Sells 1,278 Shares of Aptiv PLC (NYSE:APTV)

Bleakley Financial Group LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,029 shares of the auto parts company’s stock after selling 1,278 shares during the period. Bleakley Financial Group LLC’s holdings in Aptiv were worth $361,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. grew its position in shares of Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after buying an additional 176 shares during the period. FWL Investment Management LLC purchased a new stake in shares of Aptiv in the 4th quarter worth about $30,000. Farther Finance Advisors LLC grew its position in shares of Aptiv by 49.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock worth $53,000 after buying an additional 172 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of Aptiv in the 3rd quarter worth about $55,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Aptiv in the 1st quarter worth about $56,000. Institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, February 1st. Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Oppenheimer dropped their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Royal Bank of Canada dropped their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Finally, Barclays dropped their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday. One research 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

Insider Transactions at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 owns 95,211 shares in the company, valued at approximately $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Aptiv Price Performance

Shares of NYSE:APTV opened at $74.19 on Monday. The firm’s 50 day moving average price is $78.59 and its 200-day moving average price is $83.13. Aptiv PLC has a twelve month low of $71.01 and a twelve month high of $113.60. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $20.23 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.90.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Equities research analysts expect that Aptiv PLC will post 5.66 EPS for the current year.

Aptiv Company 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.