Schonfeld Strategic Advisors LLC Trims Stock Position in Aptiv PLC (NYSE:APTV)

Schonfeld Strategic Advisors LLC cut its stake in shares of Aptiv PLC (NYSE:APTV) by 31.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 233,829 shares of the auto parts company’s stock after selling 109,705 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Aptiv were worth $14,142,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Aptiv by 11.4% in the fourth quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock valued at $110,000 after buying an additional 186 shares during the last quarter. Boston Common Asset Management LLC raised its stake in 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 lifted its holdings in Aptiv by 6.1% during the 4th quarter. Horizon Investments LLC now owns 3,825 shares of the auto parts company’s stock valued at $231,000 after purchasing an additional 219 shares during the last quarter. Westpac Banking Corp boosted its position in Aptiv by 21.9% during the fourth quarter. Westpac Banking Corp now owns 1,900 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 341 shares during the period. Finally, Providence Capital Advisors LLC increased its holdings in shares of Aptiv by 0.4% in 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 purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of research reports. Piper Sandler upped their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Robert W. Baird lowered their price target on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. TD Cowen initiated coverage on shares of Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective for the company. Finally, Barclays reaffirmed an “equal weight” rating and set a $55.00 target price (down from $80.00) on shares of Aptiv in a report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.94.

Aptiv Stock Up 2.6 %

Shares of NYSE:APTV opened at $57.73 on Wednesday. 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 PLC has a 52-week low of $47.19 and a 52-week high of $85.56. The company has a market capitalization of $13.25 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.62 and a beta of 1.64. The company has a fifty day moving average of $58.99 and a 200-day moving average of $60.24.

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

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the sale, the senior vice president now owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by corporate insiders.

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.