Baird Financial Group Inc. Sells 178,893 Shares of Aptiv PLC (NYSE:APTV)

Baird Financial Group Inc. trimmed its stake in Aptiv PLC (NYSE:APTV) by 74.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,520 shares of the auto parts company’s stock after selling 178,893 shares during the period. Baird Financial Group Inc.’s holdings in Aptiv were worth $3,721,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in Aptiv in the fourth quarter worth $37,000. CENTRAL TRUST Co grew its stake 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 buying an additional 677 shares during the last quarter. GeoWealth Management LLC increased its position in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,022 shares in the last quarter. Quarry LP purchased a new stake in Aptiv in the fourth quarter valued at about $105,000. Finally, Covestor Ltd boosted its holdings 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 in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

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 transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, 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 can be accessed through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on APTV. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. TD Cowen began coverage on shares of Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 price objective for the company. UBS Group raised their target price on Aptiv from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Guggenheim dropped their price target on Aptiv from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.06.

Aptiv Price Performance

Shares of Aptiv stock opened at $61.97 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.35. The business has a 50-day moving average price of $57.96 and a 200 day moving average price of $59.62. The firm has a market cap of $13.49 billion, a PE ratio of 9.01, a P/E/G ratio of 0.62 and a beta of 1.44.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.14. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Sell-side analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

About Aptiv

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.