Steph & Co. Lowers Stock Position in Aptiv PLC (NYSE:APTV)

Steph & Co. reduced its stake in Aptiv PLC (NYSE:APTV) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,949 shares of the auto parts company’s stock after selling 200 shares during the quarter. Steph & Co.’s holdings in Aptiv were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Salem Investment Counselors Inc. raised its stake in Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 176 shares in the last quarter. FWL Investment Management LLC purchased a new stake in Aptiv in the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv in the fourth quarter valued at approximately $29,000. KB Financial Partners LLC purchased a new stake in Aptiv in the first quarter valued at approximately $56,000. Finally, Farther Finance Advisors LLC raised its stake in Aptiv by 49.7% in the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 172 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APTV. Citigroup lowered their target price 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. Wells Fargo & Company reduced their price target on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Morgan Stanley cut shares of Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $90.00 to $74.00 in a research report on Wednesday, February 7th. Guggenheim reduced their price target on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.36.

Aptiv Trading Down 3.6 %

Shares of Aptiv stock traded down $2.59 on Wednesday, hitting $69.35. The stock had a trading volume of 3,712,307 shares, compared to its average volume of 2,703,691. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a one year low of $69.30 and a one year high of $113.60. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 6.75, a PEG ratio of 0.94 and a beta of 1.90. The stock’s 50-day simple moving average is $78.16 and its two-hundred day simple moving average is $82.76.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) 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. As a group, sell-side analysts predict that Aptiv PLC will post 5.66 EPS for the current year.

Aptiv 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.