Corient Private Wealth LLC Decreases Stake in Aptiv PLC (NYSE:APTV)

Corient Private Wealth LLC lessened its position in shares of Aptiv PLC (NYSE:APTV) by 79.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,608 shares of the auto parts company’s stock after selling 44,361 shares during the quarter. Corient Private Wealth LLC’s holdings in Aptiv were worth $702,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the last quarter. FMR LLC boosted its stake in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the period. Brooklyn Investment Group bought a new position in Aptiv during the 3rd quarter valued at about $43,000. Bridgewater Associates LP purchased a new position in shares of Aptiv during the third quarter valued at approximately $1,075,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after buying an additional 47,215 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APTV shares. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. StockNews.com initiated coverage on shares of Aptiv in a research note on Thursday. They set a “hold” rating for the company. Guggenheim reaffirmed a “buy” rating and issued a $73.00 price target on shares of Aptiv in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Raymond James restated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target of $86.61.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on 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 directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Aptiv Trading Down 2.7 %

Shares of NYSE:APTV opened at $60.58 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78. The business has a 50-day moving average price of $64.05 and a 200-day moving average price of $63.02.

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

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.