Simplicity Solutions LLC Sells 1,290 Shares of Aptiv PLC (NYSE:APTV)

Simplicity Solutions LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 24.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,017 shares of the auto parts company’s stock after selling 1,290 shares during the quarter. Simplicity Solutions LLC’s holdings in Aptiv were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Aptiv by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after acquiring an additional 732 shares during the period. Panagora Asset Management Inc. lifted its position in shares of Aptiv by 127.8% in the 1st quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after purchasing an additional 6,057 shares during the period. Synovus Financial Corp boosted its stake in shares of Aptiv by 15.0% in the 1st quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock valued at $406,000 after purchasing an additional 443 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Aptiv by 25.4% during the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after buying an additional 1,133 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after buying an additional 551 shares during the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on APTV shares. Wells Fargo & Company decreased their price target on Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. Barclays lowered their target price on Aptiv from $112.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Guggenheim cut their price target on Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on shares of Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Citigroup dropped their target price on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.36.

Aptiv Price Performance

Shares of NYSE APTV opened at $69.63 on Friday. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 6.72, a PEG ratio of 0.90 and a beta of 1.90. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.72. Aptiv PLC has a fifty-two week low of $68.84 and a fifty-two week high of $113.60. The firm’s 50-day simple moving average is $77.42 and its 200 day simple moving average is $82.38.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. As a group, research analysts anticipate that Aptiv PLC will post 5.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 18,680 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

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.