Steph & Co. Sells 200 Shares of Aptiv PLC (NYSE:APTV)

Steph & Co. reduced its position in shares of Aptiv PLC (NYSE:APTV) by 6.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,949 shares of the auto parts company’s stock after selling 200 shares during the period. Steph & Co.’s holdings in Aptiv were worth $265,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. raised its stake in shares of Aptiv by 176.0% in the second quarter. Salem Investment Counselors Inc. now owns 276 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. FWL Investment Management LLC bought a new position in shares of Aptiv in the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Aptiv in the fourth quarter worth about $29,000. KB Financial Partners LLC bought a new position in shares of Aptiv in the first quarter worth about $56,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Aptiv by 49.7% in the second quarter. Farther Finance Advisors LLC now owns 518 shares of the auto parts company’s stock worth $53,000 after acquiring an additional 172 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the transaction, the senior vice president now owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $90.00 to $74.00 in a research note on Wednesday, February 7th. Oppenheimer dropped their price target on shares of Aptiv from $149.00 to $148.00 and set an “outperform” rating for the company in a research note on Thursday, February 1st. UBS Group boosted their price target on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Robert W. Baird downgraded shares of Aptiv from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Finally, Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a 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 $110.36.

Aptiv Trading Down 3.6 %

NYSE APTV traded down $2.59 during trading on Wednesday, reaching $69.35. 3,712,307 shares of the stock traded hands, compared to its average volume of 2,703,691. The firm has a market cap of $18.91 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.94 and a beta of 1.90. The stock’s 50-day moving average price is $78.16 and its 200 day moving average price is $82.76. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. Aptiv PLC has a fifty-two week low of $69.30 and a fifty-two week high of $113.60.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. Analysts predict that Aptiv PLC will post 5.66 EPS for the current year.

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.