Atria Investments Inc Sells 1,137 Shares of Aptiv PLC (NYSE:APTV)

Atria Investments Inc decreased its stake in Aptiv PLC (NYSE:APTV) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,721 shares of the auto parts company’s stock after selling 1,137 shares during the period. Atria Investments Inc’s holdings in Aptiv were worth $225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in APTV. Brown Brothers Harriman & Co. boosted its stake in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Aptiv during the 3rd quarter worth approximately $43,000. CENTRAL TRUST Co boosted its position in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. Transamerica Financial Advisors Inc. bought a new stake in Aptiv during the 3rd quarter worth approximately $64,000. Finally, SRS Capital Advisors Inc. increased its position in Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after acquiring an additional 918 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Aptiv Stock Up 0.1 %

APTV stock opened at $62.74 on Wednesday. The stock’s 50 day simple moving average is $63.69 and its 200 day simple moving average is $63.31. The company has a market cap of $14.39 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APTV shares. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. UBS Group increased their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Barclays increased their target price on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $86.50.

About Aptiv

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.