Avalon Trust Co Sells 250 Shares of Aptiv PLC (NYSE:APTV)

Avalon Trust Co trimmed its stake in Aptiv PLC (NYSE:APTV) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750 shares of the auto parts company’s stock after selling 250 shares during the period. Avalon Trust Co’s holdings in Aptiv were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Catalyst Funds Management Pty Ltd increased its holdings in Aptiv by 387.5% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 15,600 shares of the auto parts company’s stock valued at $943,000 after purchasing an additional 12,400 shares during the period. Picton Mahoney Asset Management acquired a new stake in Aptiv in the fourth quarter valued at $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Aptiv in the fourth quarter valued at $6,597,000. HighTower Advisors LLC increased its holdings in Aptiv by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock valued at $887,000 after purchasing an additional 577 shares during the period. Finally, Marathon Trading Investment Management LLC acquired a new stake in Aptiv in the fourth quarter valued at $1,289,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the business’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. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on APTV. StockNews.com started coverage on Aptiv in a report on Tuesday, March 11th. They issued a “hold” rating for the company. UBS Group increased their price target on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. TD Cowen started coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price target for the company. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Finally, Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Aptiv Price Performance

Shares of NYSE APTV opened at $63.28 on Friday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm’s 50-day simple moving average is $63.64 and its 200 day simple moving average is $63.48.

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

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.