Aptiv PLC (NYSE:APTV) Position Trimmed by Calamos Advisors LLC

Calamos Advisors LLC decreased its holdings in Aptiv PLC (NYSE:APTV) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 362,798 shares of the auto parts company’s stock after selling 2,245 shares during the quarter. Calamos Advisors LLC owned 0.13% of Aptiv worth $32,550,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APTV. Salem Investment Counselors Inc. increased its position in shares of Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. FWL Investment Management LLC purchased a new position in Aptiv during the 4th quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Aptiv in the fourth quarter valued at $29,000. KB Financial Partners LLC acquired a new stake in shares of Aptiv in the first quarter worth $56,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Aptiv during the third quarter valued at $55,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler decreased 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. Barclays dropped their price objective on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Citigroup lowered their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Finally, Royal Bank of Canada cut their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $110.36.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.

Aptiv Stock Performance

APTV traded down $0.03 on Thursday, hitting $69.32. The company had a trading volume of 1,727,805 shares, compared to its average volume of 2,690,883. The stock has a market cap of $18.90 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.93 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The company’s fifty day moving average price is $77.91 and its 200 day moving average price is $82.67. Aptiv PLC has a 1-year low of $68.84 and a 1-year high of $113.60.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Equities analysts predict that Aptiv PLC will post 5.66 earnings per share for the current fiscal year.

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.