Aptiv PLC (NYSE:APTV) Shares Sold by Sciencast Management LP

Sciencast Management LP lowered its holdings in Aptiv PLC (NYSE:APTV) by 56.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,457 shares of the auto parts company’s stock after selling 14,743 shares during the quarter. Sciencast Management LP’s holdings in Aptiv were worth $1,058,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. Huntington National Bank raised its stake in shares of Aptiv by 14.3% during the 3rd quarter. Huntington National Bank now owns 1,252 shares of the auto parts company’s stock worth $110,000 after buying an additional 157 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Aptiv by 6.1% during the 3rd quarter. Wetherby Asset Management Inc. now owns 2,789 shares of the auto parts company’s stock worth $244,000 after buying an additional 160 shares during the last quarter. Webster Bank N. A. raised its stake in shares of Aptiv by 6.3% during the 4th quarter. Webster Bank N. A. now owns 2,859 shares of the auto parts company’s stock worth $272,000 after buying an additional 170 shares during the last quarter. CLARET ASSET MANAGEMENT Corp raised its stake in shares of Aptiv by 3.3% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 6,175 shares of the auto parts company’s stock worth $540,000 after buying an additional 197 shares during the last quarter. Finally, Lucia Wealth Services LLC raised its stake in shares of Aptiv by 1.9% during the 3rd quarter. Lucia Wealth Services LLC now owns 12,404 shares of the auto parts company’s stock worth $1,084,000 after buying an additional 237 shares during the last quarter. 93.52% of the stock is owned by institutional investors.

APTV opened at $91.20 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.39 and a quick ratio of 1.04. The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.47 and a beta of 2.01. The business has a 50-day moving average of $93.76 and a two-hundred day moving average of $87.82. Aptiv PLC has a 12 month low of $63.36 and a 12 month high of $99.04.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.27 EPS for the quarter, meeting the consensus estimate of $1.27. Aptiv had a return on equity of 34.88% and a net margin of 6.99%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Aptiv PLC will post 4.67 earnings per share for the current year.

In other news, SVP David M. Sherbin sold 5,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $93.38, for a total transaction of $513,590.00. Also, SVP Vos Glen W. De sold 2,700 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $88.73, for a total value of $239,571.00. Following the sale, the senior vice president now owns 47,462 shares of the company’s stock, valued at approximately $4,211,303.26. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Several research analysts recently weighed in on the stock. Piper Jaffray Companies raised shares of Aptiv from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $81.00 to $114.00 in a research note on Tuesday, December 3rd. Benchmark assumed coverage on shares of Aptiv in a research note on Thursday, January 9th. They issued a “buy” rating and a $110.00 target price for the company. ValuEngine downgraded shares of Aptiv from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group reissued a “buy” rating and issued a $95.00 target price on shares of Aptiv in a research note on Monday, November 4th. Finally, Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $101.00 target price for the company in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $96.14.

About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

Further Reading: Price to Earnings Ratio (PE) Basics

Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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