Aptiv PLC (NYSE:APTV) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust reduced its holdings in Aptiv PLC (NYSE:APTV) by 40.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 455 shares of the auto parts company’s stock after selling 304 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Aptiv were worth $41,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares during the last quarter. Impax Asset Management Group plc raised its holdings in Aptiv by 7.1% during the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after purchasing an additional 483,157 shares during the last quarter. American Century Companies Inc. raised its holdings in Aptiv by 1.1% during the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock worth $496,706,000 after purchasing an additional 53,288 shares during the last quarter. Morgan Stanley raised its holdings in Aptiv by 6.0% during the third quarter. Morgan Stanley now owns 3,302,280 shares of the auto parts company’s stock worth $325,572,000 after purchasing an additional 187,046 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Aptiv by 0.4% during the third quarter. Lazard Asset Management LLC now owns 3,017,928 shares of the auto parts company’s stock worth $297,536,000 after purchasing an additional 12,435 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Morgan Stanley downgraded Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. JPMorgan Chase & Co. dropped their price target on Aptiv from $110.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Finally, Citigroup dropped their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average target price of $109.93.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Aptiv Price Performance

APTV stock opened at $71.22 on Friday. The stock has a 50-day moving average price of $76.48 and a two-hundred day moving average price of $81.51. Aptiv PLC has a 12-month low of $68.84 and a 12-month high of $113.60. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a market cap of $19.42 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. As a group, research analysts predict that Aptiv PLC will post 5.63 EPS for the current year.

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.