Westfield Capital Management Co. LP Sells 22,247 Shares of Aptiv PLC (NYSE:APTV)

Westfield Capital Management Co. LP decreased its position in shares of Aptiv PLC (NYSE:APTV) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 467,416 shares of the auto parts company’s stock after selling 22,247 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Aptiv were worth $37,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. Clearstead Trust LLC raised its holdings in Aptiv by 305.0% during the 1st quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after buying an additional 305 shares during the period. M&G Plc acquired a new stake in Aptiv during the 1st quarter worth approximately $8,337,000. MMCAP International Inc. SPC raised its holdings in Aptiv by 89.3% during the 1st quarter. MMCAP International Inc. SPC now owns 53,000 shares of the auto parts company’s stock worth $4,221,000 after buying an additional 25,000 shares during the period. Trillium Asset Management LLC raised its holdings in Aptiv by 7.7% during the 1st quarter. Trillium Asset Management LLC now owns 389,146 shares of the auto parts company’s stock worth $30,996,000 after buying an additional 27,897 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in Aptiv by 7.4% during the 1st quarter. Orion Portfolio Solutions LLC now owns 32,043 shares of the auto parts company’s stock worth $2,552,000 after buying an additional 2,200 shares during the period. Institutional investors own 94.21% of the company’s stock.

Insider Activity at Aptiv

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group dropped their target price on shares of Aptiv from $107.00 to $99.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 7th. Citigroup decreased their target price on shares of Aptiv from $128.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Robert W. Baird decreased their price objective on Aptiv from $90.00 to $83.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, Barclays dropped their target price on Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.92.

Aptiv Stock Performance

Shares of APTV traded down $2.81 during midday trading on Friday, reaching $68.87. 5,526,582 shares of the stock were exchanged, compared to its average volume of 3,579,039. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14. The company has a quick ratio of 0.89, a current ratio of 1.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $18.74 billion, a P/E ratio of 6.49, a PEG ratio of 0.66 and a beta of 1.79. The stock’s 50 day simple moving average is $75.96 and its 200 day simple moving average is $77.80.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. Aptiv had a return on equity of 13.21% and a net margin of 14.87%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. On average, sell-side analysts expect that Aptiv PLC will post 5.99 earnings per share for the current year.

Aptiv 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.