Aptiv PLC (NYSE:APTV) Position Cut by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lowered its position in shares of Aptiv PLC (NYSE:APTV) by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,089 shares of the auto parts company’s stock after selling 4,669 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Aptiv were worth $2,062,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Covestor Ltd increased its stake in Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after buying an additional 186 shares during the period. Boston Common Asset Management LLC increased its stake in shares of Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 188 shares during the period. Horizon Investments LLC raised its holdings in Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock worth $231,000 after purchasing an additional 219 shares in the last quarter. Westpac Banking Corp lifted its position in Aptiv by 21.9% in the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 341 shares during the period. Finally, Providence Capital Advisors LLC boosted its stake 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 valued at $5,291,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 2.7 %

APTV opened at $52.36 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 7.61, a P/E/G ratio of 0.62 and a beta of 1.64. The business has a 50 day moving average of $60.13 and a 200-day moving average of $60.77. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APTV. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. UBS Group reissued a “neutral” rating and issued a $58.00 price target (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. Barclays reaffirmed an “equal weight” rating and set a $55.00 price objective (down from $80.00) on shares of Aptiv in a research note on Tuesday, April 15th. StockNews.com initiated coverage on shares of Aptiv in a report on Sunday. They set a “hold” rating on the stock. Finally, Piper Sandler raised their price objective on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.94.

Insider Buying and Selling

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

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.