Ameriprise Financial Inc. Sells 348,899 Shares of Aptiv PLC (NYSE:APTV)

Ameriprise Financial Inc. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 67.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 168,625 shares of the auto parts company’s stock after selling 348,899 shares during the period. Ameriprise Financial Inc. owned approximately 0.07% of Aptiv worth $10,198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new position in Aptiv during the fourth quarter valued at $37,000. CENTRAL TRUST Co boosted its stake in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. GeoWealth Management LLC grew its holdings in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 1,022 shares during the last quarter. Quarry LP purchased a new stake in Aptiv in the 4th quarter worth about $105,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Aptiv by 163.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of Aptiv stock opened at $67.34 on Tuesday. The company has a market capitalization of $14.66 billion, a PE ratio of 9.79, a P/E/G ratio of 0.62 and a beta of 1.44. The company has a 50-day simple moving average of $58.37 and a two-hundred day simple moving average of $59.68. Aptiv PLC has a one year low of $47.19 and a one year high of $85.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Aptiv’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. Research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction 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 represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APTV. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Barclays upped their price target on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Guggenheim decreased their price objective on shares of Aptiv from $75.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group boosted their price objective on shares of Aptiv from $58.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $82.33.

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.