Colonial Trust Co SC Reduces Position in Aptiv PLC (NYSE:APTV)

Colonial Trust Co SC reduced its position in Aptiv PLC (NYSE:APTV) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,056 shares of the auto parts company’s stock after selling 185 shares during the quarter. Colonial Trust Co SC’s holdings in Aptiv were worth $64,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. South Dakota Investment Council lifted its position in Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after acquiring an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new position in Aptiv in the 4th quarter valued at $379,000. Shorepath Capital Management LLC increased its stake in Aptiv by 21.8% in the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after buying an additional 11,835 shares during the period. Diametric Capital LP acquired a new stake in shares of Aptiv in the 4th quarter worth $972,000. Finally, abrdn plc purchased a new stake in shares of Aptiv in the fourth quarter valued at about $30,374,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Up 1.4 %

NYSE APTV opened at $61.97 on Friday. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.35. The stock has a market cap of $13.49 billion, a PE ratio of 9.01, a PEG ratio of 0.62 and a beta of 1.44. The firm has a 50-day simple moving average of $57.96 and a 200 day simple moving average of $59.69. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. StockNews.com initiated coverage on Aptiv in a report on Tuesday. They issued a “hold” rating on the stock. Robert W. Baird reduced their price objective on Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $82.06.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

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.