Ariel Investments LLC Sells 80,758 Shares of Aptiv PLC (NYSE:APTV)

Ariel Investments LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 879,186 shares of the auto parts company’s stock after selling 80,758 shares during the quarter. Ariel Investments LLC’s holdings in Aptiv were worth $53,173,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in shares of Aptiv in the 4th quarter valued at about $37,000. CENTRAL TRUST Co raised its position in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after buying an additional 677 shares during the last quarter. GeoWealth Management LLC lifted its stake in Aptiv by 203.2% in the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after acquiring an additional 1,022 shares in the last quarter. Quarry LP acquired a new position in Aptiv during the 4th quarter worth approximately $105,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of Aptiv by 163.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 1,145 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

Shares of NYSE APTV opened at $58.99 on Friday. 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 cap of $13.54 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.62 and a beta of 1.64. The stock’s fifty day moving average price is $58.45 and its two-hundred day moving average price is $60.05.

Aptiv (NYSE:APTV) last released its quarterly earnings results 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. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $1.16 earnings per share. Aptiv’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction 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 approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

APTV has been the subject of several recent research reports. Evercore ISI reduced their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Royal Bank of Canada raised their price objective on Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a report on Friday. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.50.

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.