TimesSquare Capital Management LLC Sells 194,245 Shares of Aptiv PLC (NYSE:APTV)

TimesSquare Capital Management LLC lowered its holdings in shares of Aptiv PLC (NYSE:APTV) by 36.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 335,097 shares of the auto parts company’s stock after selling 194,245 shares during the period. TimesSquare Capital Management LLC’s holdings in Aptiv were worth $30,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APTV. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Aptiv during the fourth quarter worth about $29,000. GAMMA Investing LLC bought a new stake in shares of Aptiv during the 4th quarter valued at about $32,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Aptiv during the 4th quarter worth approximately $47,000. First Horizon Advisors Inc. grew its holdings in Aptiv by 98.0% in the fourth quarter. First Horizon Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $53,000 after purchasing an additional 293 shares during the period. Finally, Huntington National Bank increased its position in Aptiv by 248.9% in the 3rd quarter. Huntington National Bank now owns 642 shares of the auto parts company’s stock valued at $63,000 after buying an additional 458 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Activity

In related news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly 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 can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Aptiv Price Performance

NYSE APTV traded up $0.20 on Wednesday, hitting $83.20. The stock had a trading volume of 1,635,299 shares, compared to its average volume of 2,743,753. The firm has a 50-day moving average of $76.35 and a 200-day moving average of $80.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. Aptiv PLC has a 52-week low of $68.84 and a 52-week high of $113.60. The company has a market capitalization of $22.64 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.90.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities analysts expect that Aptiv PLC will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APTV. Robert W. Baird upped their price objective on shares of Aptiv from $86.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Royal Bank of Canada cut their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Piper Sandler dropped their target price on shares of Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Barclays decreased their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $108.31.

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.