Westfield Capital Management Co. LP Sells 22,247 Shares of Aptiv PLC (NYSE:APTV)

Westfield Capital Management Co. LP lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 4.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 467,416 shares of the auto parts company’s stock after selling 22,247 shares during the period. Westfield Capital Management Co. LP owned 0.17% of Aptiv worth $37,230,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Riverview Trust Co purchased a new stake in shares of Aptiv in the first quarter worth about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Aptiv in the first quarter worth about $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Aptiv during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in Aptiv during the fourth quarter valued at approximately $32,000. Finally, Clearstead Trust LLC raised its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 305 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 3.9 %

NYSE:APTV traded down $2.81 during trading hours on Friday, reaching $68.87. 5,526,582 shares of the stock were exchanged, compared to its average volume of 3,579,039. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average of $75.96 and a two-hundred day moving average of $77.80. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.66 and a beta of 1.79.

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

Wall Street Analyst Weigh In

APTV has been the topic of a number of recent research reports. UBS Group decreased their price objective on Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. StockNews.com downgraded Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Guggenheim upped their price objective on Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their price objective on Aptiv from $109.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, The Goldman Sachs Group cut their target price on Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $98.92.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total transaction of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company’s stock.

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.