Aptiv PLC (NYSE:APTV) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. decreased its position in shares of Aptiv PLC (NYSE:APTV) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,753 shares of the auto parts company’s stock after selling 3,099 shares during the quarter. Aptiv accounts for approximately 2.5% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 21st largest holding. Gibraltar Capital Management Inc.’s holdings in Aptiv were worth $5,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv in the 4th quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in Aptiv during the 4th quarter worth about $32,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Aptiv in the 4th quarter valued at about $47,000. BluePath Capital Management LLC purchased a new position in shares of Aptiv in the 3rd quarter valued at about $55,000. Finally, Huntington National Bank grew its stake in Aptiv by 248.9% during the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock worth $63,000 after buying an additional 458 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were 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 in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays decreased their price objective on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research report on Thursday, April 11th. Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. UBS Group boosted their price objective on Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Guggenheim cut their price target on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. cut their price target on Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $109.93.

Aptiv Trading Down 1.9 %

APTV traded down $1.41 during trading on Tuesday, reaching $71.00. 2,747,902 shares of the company’s stock were exchanged, compared to its average volume of 2,634,356. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $19.36 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.91 and a beta of 1.90. The firm has a fifty day moving average price of $76.21 and a two-hundred day moving average price of $80.93.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) 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 firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. As a group, equities research analysts forecast that Aptiv PLC will post 5.63 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.