Platform Technology Partners Sells 353 Shares of Aptiv PLC (NYSE:APTV)

Platform Technology Partners reduced its holdings in Aptiv PLC (NYSE:APTV – Get Rating) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,582 shares of the auto parts company’s stock after selling 353 shares during the quarter. Platform Technology Partners’ holdings in Aptiv were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APTV. Toroso Investments LLC grew its stake in Aptiv by 3.3% in the third quarter. Toroso Investments LLC now owns 3,320 shares of the auto parts company’s stock valued at $260,000 after acquiring an additional 107 shares during the period. Hemenway Trust Co LLC boosted its position in shares of Aptiv by 0.4% during the third quarter. Hemenway Trust Co LLC now owns 29,333 shares of the auto parts company’s stock valued at $2,294,000 after buying an additional 116 shares during the last quarter. Fortis Advisors LLC boosted its position in shares of Aptiv by 4.5% during the third quarter. Fortis Advisors LLC now owns 2,875 shares of the auto parts company’s stock valued at $225,000 after buying an additional 125 shares during the last quarter. FDx Advisors Inc. boosted its position in shares of Aptiv by 4.2% during the third quarter. FDx Advisors Inc. now owns 3,173 shares of the auto parts company’s stock valued at $248,000 after buying an additional 127 shares during the last quarter. Finally, Steph & Co. boosted its position in shares of Aptiv by 3.9% during the third quarter. Steph & Co. now owns 3,567 shares of the auto parts company’s stock valued at $279,000 after buying an additional 135 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Aptiv Price Performance

Aptiv stock opened at $107.20 on Friday. Aptiv PLC has a 52 week low of $77.96 and a 52 week high of $129.18. The business has a 50-day simple moving average of $111.83 and a 200 day simple moving average of $100.29. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.72. The stock has a market cap of $29.06 billion, a price-to-earnings ratio of 54.97, a PEG ratio of 2.37 and a beta of 2.04.

Aptiv (NYSE:APTV – Get Rating) last posted its earnings results on Thursday, February 2nd. The auto parts company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. Aptiv had a return on equity of 11.29% and a net margin of 3.40%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, research analysts forecast that Aptiv PLC will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Aptiv from $126.00 to $128.00 and gave the company an “outperform” rating in a research report on Wednesday, February 15th. Bank of America lowered Aptiv from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $120.00 in a report on Monday, January 9th. Oppenheimer dropped their price target on Aptiv from $159.00 to $152.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Barclays assumed coverage on Aptiv in a report on Tuesday, February 14th. They set an “overweight” rating and a $150.00 price target on the stock. Finally, Wolfe Research lowered Aptiv from an “outperform” rating to a “peer perform” rating in a report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $135.76.

Insider Transactions at Aptiv

In other news, COO William T. Presley sold 7,000 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $120.00, for a total value of $840,000.00. Following the completion of the transaction, the chief operating officer now directly owns 62,833 shares in the company, valued at approximately $7,539,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kevin P. Clark sold 6,665 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $115.82, for a total value of $771,940.30. Following the completion of the sale, the chief executive officer now owns 545,907 shares of the company’s stock, valued at approximately $63,226,948.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO William T. Presley sold 7,000 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $120.00, for a total value of $840,000.00. Following the completion of the sale, the chief operating officer now directly owns 62,833 shares of the company’s stock, valued at approximately $7,539,960. The disclosure for this sale can be found here. In the last three months, insiders sold 26,995 shares of company stock worth $3,024,121. 0.41% of the stock is currently owned by corporate insiders.

About Aptiv

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.