Cinctive Capital Management LP Has $4.92 Million Stake in Aptiv PLC (NYSE:APTV)

Cinctive Capital Management LP decreased its position in Aptiv PLC (NYSE:APTV) by 16.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,361 shares of the auto parts company’s stock after selling 15,943 shares during the quarter. Cinctive Capital Management LP’s holdings in Aptiv were worth $4,921,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in shares of Aptiv during the third quarter worth $143,909,000. Norges Bank bought a new stake in Aptiv during the 4th quarter worth about $106,492,000. Pictet Asset Management Holding SA increased its position in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock valued at $102,262,000 after acquiring an additional 1,539,724 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on APTV shares. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and boosted their price target for the stock from $63.00 to $77.00 in a research note on Tuesday, February 4th. UBS Group raised their price objective 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. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Transactions at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

Aptiv Stock Performance

APTV opened at $60.78 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.62 and a beta of 1.78. The business’s 50-day moving average price is $63.92 and its two-hundred day moving average price is $62.85. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

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

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.