Covalis Capital LLP Sells 125,839 Shares of Aptiv PLC (NYSE:APTV)

Covalis Capital LLP cut its stake in shares of Aptiv PLC (NYSE:APTV) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,530 shares of the auto parts company’s stock after selling 125,839 shares during the period. Aptiv accounts for about 2.6% of Covalis Capital LLP’s portfolio, making the stock its 11th biggest position. Covalis Capital LLP’s holdings in Aptiv were worth $17,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of APTV. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the 4th quarter worth approximately $37,000. CENTRAL TRUST Co boosted its holdings in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the period. GeoWealth Management LLC grew its stake in Aptiv by 203.2% in the fourth quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock worth $92,000 after purchasing an additional 1,022 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in Aptiv by 163.1% during 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 in the last quarter. Finally, Covestor Ltd lifted its stake in Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 186 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Performance

NYSE:APTV opened at $51.75 on Friday. 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 stock has a market capitalization of $11.87 billion, a PE ratio of 7.52, a P/E/G ratio of 0.62 and a beta of 1.64. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The company has a fifty day moving average of $60.70 and a two-hundred day moving average of $61.08.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on APTV shares. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. TD Cowen assumed coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. StockNews.com started coverage on shares of Aptiv in a research report on Saturday, April 12th. They issued a “hold” rating for the company. Barclays reissued an “equal weight” rating and set a $55.00 target price (down previously from $80.00) on shares of Aptiv in a research report on Tuesday. Finally, Oppenheimer boosted their price objective on shares of Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.44.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is available at this link. 0.45% of the stock is currently owned by corporate insiders.

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.