Aster Capital Management DIFC Ltd Reduces Holdings in Aptiv PLC (NYSE:APTV)

Aster Capital Management DIFC Ltd lessened its holdings in Aptiv PLC (NYSE:APTV) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,908 shares of the auto parts company’s stock after selling 5,253 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Aptiv were worth $720,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Boston Common Asset Management LLC increased its holdings in Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 188 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after buying an additional 219 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Aptiv by 5.7% in the third quarter. Insigneo Advisory Services LLC now owns 6,205 shares of the auto parts company’s stock valued at $447,000 after buying an additional 337 shares in the last quarter. Westpac Banking Corp raised its holdings in shares of Aptiv by 21.9% during the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after buying an additional 341 shares during the period. Finally, Providence Capital Advisors LLC lifted its position in Aptiv by 0.4% during the 4th quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company’s stock worth $5,291,000 after acquiring an additional 364 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 in the company, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.45% of the stock is currently owned by company insiders.

Aptiv Price Performance

Shares of NYSE:APTV opened at $53.07 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. The firm has a 50-day simple moving average of $63.55 and a 200 day simple moving average of $62.64. Aptiv PLC has a fifty-two week low of $50.10 and a fifty-two week high of $85.56. The company has a market cap of $12.18 billion, a PE ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APTV shares. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Argus upgraded shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. TD Cowen started coverage on Aptiv in a research note on Friday, March 7th. They set a “buy” rating and a $90.00 target price for the company. Evercore ISI cut their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Finally, Oppenheimer raised their price objective on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $86.61.

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.