Sanctuary Advisors LLC Sells 16,410 Shares of Aptiv PLC $APTV

Sanctuary Advisors LLC decreased its position in shares of Aptiv PLC (NYSE:APTV) by 16.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 85,811 shares of the auto parts company’s stock after selling 16,410 shares during the quarter. Sanctuary Advisors LLC’s holdings in Aptiv were worth $5,959,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Aptiv by 4.3% in the 4th quarter. State Street Corp now owns 10,066,712 shares of the auto parts company’s stock valued at $765,976,000 after buying an additional 419,375 shares during the period. Norges Bank acquired a new position in shares of Aptiv during the fourth quarter valued at $634,961,000. Geode Capital Management LLC boosted its holdings in Aptiv by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 5,821,615 shares of the auto parts company’s stock valued at $441,289,000 after acquiring an additional 99,876 shares during the last quarter. Nordea Investment Management AB increased its position in Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock worth $349,067,000 after purchasing an additional 1,167,946 shares during the period. Finally, Boston Partners increased its position in Aptiv by 29.2% in the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after purchasing an additional 948,327 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aptiv

In other news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the transaction, the executive vice president owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Aptiv Price Performance

Aptiv stock opened at $57.51 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.57 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $12.17 billion, a P/E ratio of 34.03, a PEG ratio of 1.07 and a beta of 1.46. The business has a 50-day moving average of $61.60 and a 200-day moving average of $68.50. Aptiv PLC has a 1 year low of $51.68 and a 1 year high of $88.93.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, May 6th. The auto parts company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. Aptiv had a net margin of 1.77% and a return on equity of 17.83%. The business had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter last year, the firm earned $1.69 EPS. Aptiv’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Aptiv PLC will post 5.93 EPS for the current year.

Analysts Set New Price Targets

APTV has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on shares of Aptiv from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Piper Sandler dropped their price target on shares of Aptiv from $106.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday, June 8th. Zacks Research upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Fox Advisors reduced their price objective on shares of Aptiv from $110.00 to $70.00 in a research note on Friday, May 8th. Finally, BNP Paribas Exane lowered their target price on shares of Aptiv from $107.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 14th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Aptiv Profile

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.