Schonfeld Strategic Advisors LLC Reduces Position in Aptiv PLC (NYSE:APTV)

Schonfeld Strategic Advisors LLC cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 31.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,829 shares of the auto parts company’s stock after selling 109,705 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.10% of Aptiv worth $14,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APTV. South Dakota Investment Council grew its position in Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after buying an additional 31,941 shares during the period. Focus Financial Network Inc. purchased a new stake in shares of Aptiv during the fourth quarter worth approximately $379,000. Shorepath Capital Management LLC raised its position in shares of Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after buying an additional 11,835 shares during the last quarter. Diametric Capital LP purchased a new position in Aptiv in the 4th quarter worth approximately $972,000. Finally, abrdn plc acquired a new position in Aptiv during the fourth quarter worth $30,374,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on APTV shares. Robert W. Baird cut their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. UBS Group reaffirmed a “neutral” rating and set a $58.00 target price (down from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. Evercore ISI lowered their price objective on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and raised their price target for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.94.

Aptiv Stock Performance

Shares of APTV opened at $57.73 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $58.99 and a 200-day simple moving average of $60.24. Aptiv PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a market capitalization of $13.25 billion, a PE ratio of 8.39, a P/E/G ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 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%. Equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.45% of the company’s stock.

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.