Captrust Financial Advisors Reduces Stock Holdings in Aptiv PLC (NYSE:APTV)

Captrust Financial Advisors cut its stake in shares of Aptiv PLC (NYSE:APTV) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,142 shares of the auto parts company’s stock after selling 1,003 shares during the quarter. Captrust Financial Advisors’ holdings in Aptiv were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Covestor Ltd grew its stake in shares of Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after acquiring an additional 186 shares during the period. Horizon Investments LLC raised its position in shares of Aptiv by 6.1% during the fourth quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after buying an additional 219 shares during the last quarter. Westpac Banking Corp raised its position in shares of Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock valued at $115,000 after buying an additional 341 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in shares of Aptiv by 1.9% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 19,565 shares of the auto parts company’s stock valued at $1,183,000 after buying an additional 360 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its position in shares of Aptiv by 0.4% during the fourth quarter. Providence Capital Advisors LLC now owns 87,479 shares of the auto parts company’s stock valued at $5,291,000 after buying an additional 364 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Stock Performance

Shares of Aptiv stock opened at $67.42 on Wednesday. The stock’s fifty day moving average is $58.47 and its two-hundred day moving average is $59.74. The company has a market capitalization of $14.68 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.44. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52 week low of $47.19 and a 52 week high of $85.35.

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

Analyst Upgrades and Downgrades

APTV has been the topic of a number of research reports. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. StockNews.com initiated coverage on Aptiv in a research note on Wednesday, May 14th. They issued a “hold” rating on the stock. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. TD Cowen initiated coverage on Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.33.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.45% of the stock is currently owned by company insiders.

Aptiv Company 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.