Benjamin Lyon Sells 14,568 Shares of Aptiv PLC (NYSE:APTV) Stock

Aptiv PLC (NYSE:APTV) 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 transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Aptiv Stock Up 0.9 %

Shares of NYSE APTV opened at $63.75 on Thursday. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The firm has a 50-day moving average price of $63.55 and a 200 day moving average price of $63.60. 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 (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APTV. Morgan Stanley reduced their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. Argus upgraded shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. purchased a new position in Aptiv during the 4th quarter valued at about $2,891,000. Mackenzie Financial Corp increased its stake in shares of Aptiv by 0.7% during the 4th quarter. Mackenzie Financial Corp now owns 98,241 shares of the auto parts company’s stock worth $5,942,000 after purchasing an additional 666 shares in the last quarter. Formidable Asset Management LLC acquired a new position in shares of Aptiv during the 4th quarter worth approximately $460,000. GTS Securities LLC lifted its stake in Aptiv by 224.8% in the 4th quarter. GTS Securities LLC now owns 7,769 shares of the auto parts company’s stock valued at $470,000 after buying an additional 13,993 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its holdings in Aptiv by 10.7% during the 4th quarter. Inspire Trust Co. N.A. now owns 31,000 shares of the auto parts company’s stock valued at $1,875,000 after buying an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

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.