Commonwealth Equity Services LLC Reduces Holdings in Aptiv PLC (NYSE:APTV)

Commonwealth Equity Services LLC lowered its position in Aptiv PLC (NYSE:APTV) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,687 shares of the auto parts company’s stock after selling 2,147 shares during the period. Commonwealth Equity Services LLC’s holdings in Aptiv were worth $1,372,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after acquiring an additional 223,831 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Aptiv by 19.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Aptiv by 18.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the last quarter. Finally, Harris Associates L P purchased a new stake in shares of Aptiv in the third quarter valued at approximately $162,640,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is owned by insiders.

Aptiv Stock Performance

Shares of Aptiv stock opened at $60.58 on Monday. The business has a 50-day simple moving average of $64.05 and a 200-day simple moving average of $62.99. 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 one year low of $51.47 and a one year high of $85.56. The company has a market cap of $13.90 billion, a PE ratio of 8.80, a P/E/G ratio of 0.62 and a beta of 1.78.

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

Wall Street Analyst Weigh In

APTV has been the topic of a number of analyst reports. StockNews.com assumed coverage on Aptiv in a research report on Thursday. They set a “hold” rating on the stock. TD Cowen assumed coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. Argus raised shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, UBS Group increased their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.61.

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.