Applied Finance Capital Management LLC Sells 7,294 Shares of Aptiv PLC (NYSE:APTV)

Applied Finance Capital Management LLC lessened its holdings in Aptiv PLC (NYSE:APTV) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 490,996 shares of the auto parts company’s stock after selling 7,294 shares during the period. Applied Finance Capital Management LLC owned 0.21% of Aptiv worth $29,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter worth approximately $37,000. CENTRAL TRUST Co lifted its holdings in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 1,145 shares during the period. SRS Capital Advisors Inc. grew its holdings in Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after buying an additional 918 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after buying an additional 341 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Activity at Aptiv

In related news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their target price for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Friday, February 7th. Finally, StockNews.com assumed coverage on Aptiv in a research note on Friday. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Down 1.9 %

Shares of NYSE:APTV opened at $52.02 on Tuesday. Aptiv PLC has a 52-week low of $50.07 and a 52-week high of $85.56. The company has a market capitalization of $11.93 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a fifty day moving average of $63.30 and a 200-day moving average of $62.46.

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

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.