Raymond James & Associates Sells 19,167 Shares of Aptiv PLC (NYSE:APTV)

Raymond James & Associates cut its stake in shares of Aptiv PLC (NYSE:APTV) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 656,413 shares of the auto parts company’s stock after selling 19,167 shares during the quarter. Raymond James & Associates owned approximately 0.23% of Aptiv worth $58,893,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Aptiv in the fourth quarter valued at $382,261,000. Price T Rowe Associates Inc. MD increased its stake in shares of Aptiv by 350.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company’s stock valued at $305,605,000 after buying an additional 2,119,819 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after buying an additional 1,265,774 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Aptiv in the second quarter valued at $79,896,000. Finally, Envestnet Asset Management Inc. increased its position in Aptiv by 138.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after purchasing an additional 747,666 shares during the period. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APTV. Piper Sandler lowered their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Royal Bank of Canada lowered their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, January 25th. Guggenheim lowered their price objective on Aptiv from $120.00 to $103.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Citigroup reduced their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.57.

Aptiv Price Performance

Shares of APTV opened at $78.64 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. The stock has a 50 day simple moving average of $80.06 and a 200 day simple moving average of $85.25. Aptiv PLC has a 52-week low of $71.01 and a 52-week high of $113.60. The firm has a market capitalization of $21.44 billion, a PE ratio of 7.59, a P/E/G ratio of 1.02 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 (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Sell-side analysts predict that Aptiv PLC will post 5.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

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.