Aptiv PLC (NYSE:APTV) Stake Cut by Simplicity Solutions LLC

Simplicity Solutions LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 24.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,017 shares of the auto parts company’s stock after selling 1,290 shares during the quarter. Simplicity Solutions LLC’s holdings in Aptiv were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in APTV. Salem Investment Counselors Inc. increased its stake in Aptiv by 176.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock valued at $25,000 after buying an additional 176 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Aptiv in the fourth quarter worth $29,000. FWL Investment Management LLC purchased a new stake in shares of Aptiv during the fourth quarter worth $30,000. BluePath Capital Management LLC acquired a new stake in Aptiv during the third quarter valued at $55,000. Finally, KB Financial Partners LLC purchased a new position in Aptiv in the first quarter valued at about $56,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

NYSE:APTV opened at $69.63 on Friday. The company has a fifty day moving average price of $77.42 and a 200 day moving average price of $82.38. The stock has a market cap of $18.99 billion, a P/E ratio of 6.72, a PEG ratio of 0.90 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Analysts anticipate that Aptiv PLC will post 5.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APTV shares. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Royal Bank of Canada dropped their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Citigroup reduced their price objective on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Wells Fargo & Company lowered their target price on shares of Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Finally, Piper Sandler reduced their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.36.

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.