Insider Selling: Aptiv PLC (NYSE:APTV) Director Sells $30,330.12 in Stock

Aptiv PLC (NYSE:APTV) Director Nancy E. Cooper sold 394 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $76.98, for a total value of $30,330.12. Following the completion of the sale, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aptiv Price Performance

Aptiv stock opened at $70.30 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The company’s 50 day simple moving average is $77.94 and its 200-day simple moving average is $80.34. Aptiv PLC has a 1 year low of $68.84 and a 1 year high of $113.60. The company has a market capitalization of $19.13 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.87.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.05 by $0.11. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. Aptiv’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities research analysts expect that Aptiv PLC will post 6.01 earnings per share for the current year.

Institutional Investors Weigh In On Aptiv

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of Aptiv in the 1st quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. acquired a new stake in shares of Aptiv in the first quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Aptiv in the 4th quarter worth approximately $29,000. GAMMA Investing LLC purchased a new position in shares of Aptiv in the fourth quarter valued at $32,000. Finally, Clearstead Trust LLC raised its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APTV. Barclays reduced their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Robert W. Baird lifted their price objective on shares of Aptiv from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. UBS Group upped their target price on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Guggenheim lifted their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $106.50.

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.