Commonwealth Equity Services LLC Sells 1,221 Shares of Aptiv PLC (NYSE:APTV)

Commonwealth Equity Services LLC cut its position in Aptiv PLC (NYSE:APTV – Get Rating) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,170 shares of the auto parts company’s stock after selling 1,221 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Aptiv were worth $2,716,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Aptiv by 1.0% during the third quarter. Vanguard Group Inc. now owns 29,445,738 shares of the auto parts company’s stock worth $2,302,952,000 after purchasing an additional 290,865 shares during the last quarter. State Street Corp boosted its stake in Aptiv by 1.0% during the 3rd quarter. State Street Corp now owns 10,274,779 shares of the auto parts company’s stock valued at $803,590,000 after purchasing an additional 98,189 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Aptiv by 2.9% during the 3rd quarter. Alliancebernstein L.P. now owns 8,609,715 shares of the auto parts company’s stock valued at $673,366,000 after purchasing an additional 241,729 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Aptiv by 0.5% during the 3rd quarter. Impax Asset Management Group plc now owns 4,706,143 shares of the auto parts company’s stock valued at $367,703,000 after purchasing an additional 24,056 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Aptiv by 1.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 4,191,489 shares of the auto parts company’s stock worth $327,816,000 after buying an additional 44,444 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Activity at Aptiv

In other Aptiv news, CEO Kevin P. Clark sold 6,665 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $115.82, for a total value of $771,940.30. Following the transaction, the chief executive officer now directly owns 545,907 shares in the company, valued at approximately $63,226,948.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Nancy E. Cooper sold 669 shares of the stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $103.35, for a total transaction of $69,141.15. Following the transaction, the director now directly owns 11,515 shares in the company, valued at $1,190,075.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kevin P. Clark sold 6,665 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $115.82, for a total transaction of $771,940.30. Following the transaction, the chief executive officer now owns 545,907 shares in the company, valued at $63,226,948.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,664 shares of company stock worth $3,157,979. Insiders own 0.41% of the company’s stock.

Aptiv Trading Down 1.7 %

Shares of APTV stock opened at $92.69 on Monday. The company has a market cap of $25.07 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 1.95 and a beta of 2.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.16. The firm has a fifty day moving average price of $105.60 and a 200-day moving average price of $104.67. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $124.88.

Aptiv (NYSE:APTV – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The auto parts company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.59 billion. Aptiv had a net margin of 3.68% and a return on equity of 12.00%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. As a group, equities analysts predict that Aptiv PLC will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on APTV shares. Raymond James increased their target price on Aptiv from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Barclays lowered their price target on Aptiv from $142.00 to $135.00 in a research report on Monday, May 8th. Wolfe Research downgraded Aptiv from an “outperform” rating to a “peer perform” rating in a research report on Friday, February 3rd. Citigroup raised their price target on Aptiv from $138.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. Finally, Wells Fargo & Company lowered their price target on Aptiv from $120.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Monday, April 10th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $133.29.

Aptiv Company Profile

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.