Signaturefd LLC Lowers Position in Aptiv PLC (NYSE:APTV)

Signaturefd LLC cut its stake in Aptiv PLC (NYSE:APTV) by 32.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,183 shares of the auto parts company’s stock after selling 1,508 shares during the quarter. Signaturefd LLC’s holdings in Aptiv were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gradient Investments LLC grew its holdings in shares of Aptiv by 36.1% in the fourth quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after acquiring an additional 41,135 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Aptiv in the fourth quarter valued at approximately $13,120,000. Douglas Lane & Associates LLC grew its holdings in shares of Aptiv by 20.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after acquiring an additional 65,354 shares in the last quarter. Zenyatta Capital Management LP grew its holdings in shares of Aptiv by 53.8% in the fourth quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock valued at $4,486,000 after acquiring an additional 17,500 shares in the last quarter. Finally, Banque Pictet & Cie SA grew its holdings in shares of Aptiv by 1.0% in the third quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock valued at $6,609,000 after acquiring an additional 670 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction 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 sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Aptiv Trading Up 1.6 %

NYSE:APTV opened at $71.22 on Friday. The company has a market cap of $19.42 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.91 and a beta of 1.90. The stock’s fifty day moving average price is $76.48 and its two-hundred day moving average price is $81.51. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. 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 (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. As a group, analysts expect that Aptiv PLC will post 5.62 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. Morgan Stanley lowered Aptiv from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Piper Sandler reduced their price objective on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Finally, Citigroup reduced their price objective on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and a consensus target price of $109.93.

Aptiv Company 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.