Cerity Partners LLC Sells 3,145 Shares of Aptiv PLC (NYSE:APTV)

Cerity Partners LLC lowered its position in shares of Aptiv PLC (NYSE:APTV) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,028 shares of the auto parts company’s stock after selling 3,145 shares during the quarter. Cerity Partners LLC’s holdings in Aptiv were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Boston Common Asset Management LLC grew its position in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock valued at $249,000 after acquiring an additional 188 shares during the period. Horizon Investments LLC boosted its position in shares of Aptiv by 6.1% in the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after acquiring an additional 219 shares during the period. Westpac Banking Corp boosted its holdings in Aptiv by 21.9% in the 4th quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 341 shares during the period. Providence Capital Advisors LLC grew its position in Aptiv by 0.4% during the fourth quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company’s stock worth $5,291,000 after buying an additional 364 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Aptiv by 0.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company’s stock worth $6,149,000 after purchasing an additional 475 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $51.75 on Friday. The business has a 50-day simple moving average of $60.70 and a 200 day simple moving average of $61.02. Aptiv PLC has a one year low of $47.19 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insider Activity at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Aptiv in a research report on Sunday. They set a “hold” rating for the company. UBS Group reaffirmed a “neutral” rating and set a $58.00 target price (down previously from $91.00) on shares of Aptiv in a research note on Thursday, April 10th. Piper Sandler raised their price objective on Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Royal Bank of Canada upped their target price on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.44.

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.