Greenleaf Trust Sells 1,583 Shares of Aptiv PLC (NYSE:APTV)

Greenleaf Trust lessened its holdings in Aptiv PLC (NYSE:APTV) by 38.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,493 shares of the auto parts company’s stock after selling 1,583 shares during the period. Greenleaf Trust’s holdings in Aptiv were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Gradient Investments LLC grew its stake in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after purchasing an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new position in Aptiv in the 4th quarter worth about $13,120,000. Douglas Lane & Associates LLC boosted its stake in Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after purchasing an additional 65,354 shares during the period. Zenyatta Capital Management LP boosted its stake in Aptiv by 53.8% in the 4th quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock worth $4,486,000 after purchasing an additional 17,500 shares during the period. Finally, Banque Pictet & Cie SA boosted its stake in Aptiv by 1.0% in the 3rd quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock worth $6,609,000 after purchasing an additional 670 shares during the period. Institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Aptiv from $84.00 to $83.00 in a research report on Monday, April 8th. Guggenheim dropped their price target on Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Oppenheimer dropped their price target on Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research report on Thursday, February 1st. Piper Sandler dropped their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Robert W. Baird downgraded Aptiv from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $105.00 to $96.00 in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $109.93.

Insider Activity

In other 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 transaction of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.34% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock opened at $71.40 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The business’s 50 day simple moving average is $76.82 and its two-hundred day simple moving average is $81.77. The stock has a market capitalization of $19.47 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping 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 business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.95 billion. Analysts forecast that Aptiv PLC will post 5.62 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.