Bleakley Financial Group LLC Cuts Stake in Aptiv PLC (NYSE:APTV)

Bleakley Financial Group LLC lowered its position in shares of Aptiv PLC (NYSE:APTV) by 24.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,029 shares of the auto parts company’s stock after selling 1,278 shares during the period. Bleakley Financial Group LLC’s holdings in Aptiv were worth $361,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Aptiv by 4.2% in the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock valued at $3,092,966,000 after purchasing an additional 1,265,774 shares during the last quarter. Impax Asset Management Group plc grew its stake in Aptiv by 10.7% in the third quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock valued at $668,843,000 after purchasing an additional 656,845 shares during the last quarter. Geode Capital Management LLC grew its stake in Aptiv by 2.2% in the first quarter. Geode Capital Management LLC now owns 5,614,676 shares of the auto parts company’s stock valued at $628,481,000 after purchasing an additional 123,352 shares during the last quarter. American Century Companies Inc. grew its stake in Aptiv by 1.1% in the third quarter. American Century Companies Inc. now owns 5,038,102 shares of the auto parts company’s stock valued at $496,706,000 after purchasing an additional 53,288 shares during the last quarter. Finally, Norges Bank purchased a new position in Aptiv in the fourth quarter valued at about $382,261,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APTV. JPMorgan Chase & Co. cut their target price on Aptiv from $135.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. Citigroup cut their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Wells Fargo & Company dropped their price target on Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, February 1st. Finally, Royal Bank of Canada dropped their price target on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.14.

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 that occurred on Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Aptiv Trading Down 2.1 %

Aptiv stock opened at $74.19 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a 52 week low of $71.01 and a 52 week high of $113.60. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 7.16, a price-to-earnings-growth ratio of 0.95 and a beta of 1.90. The stock has a 50-day moving average price of $78.59 and a 200 day moving average price of $83.13.

Aptiv (NYSE:APTV) last announced 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 company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Sell-side analysts anticipate that Aptiv PLC will post 5.66 EPS for the current year.

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.