John G Ullman & Associates Inc. Sells 9,750 Shares of Aptiv PLC (NYSE:APTV)

John G Ullman & Associates Inc. decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 21.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,500 shares of the auto parts company’s stock after selling 9,750 shares during the period. John G Ullman & Associates Inc.’s holdings in Aptiv were worth $3,185,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gradient Investments LLC boosted its holdings in Aptiv by 36.1% in the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock valued at $13,902,000 after purchasing an additional 41,135 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Aptiv during the 4th quarter worth approximately $13,120,000. Douglas Lane & Associates LLC lifted its holdings in shares of Aptiv by 20.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock worth $33,973,000 after acquiring an additional 65,354 shares during the period. Zenyatta Capital Management LP lifted its holdings in shares of Aptiv by 53.8% during the 4th quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock worth $4,486,000 after acquiring an additional 17,500 shares during the period. Finally, Banque Pictet & Cie SA lifted its holdings in shares of Aptiv by 1.0% during the 3rd quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock worth $6,609,000 after acquiring an additional 670 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Up 0.4 %

NYSE:APTV traded up $0.31 during trading hours on Friday, reaching $69.63. The company had a trading volume of 1,867,503 shares, compared to its average volume of 2,671,040. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.90 and a beta of 1.90. The business’s 50-day simple moving average is $77.67 and its two-hundred day simple moving average is $82.57. Aptiv PLC has a twelve month low of $68.84 and a twelve month high of $113.60.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business 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%. On average, equities analysts expect that Aptiv PLC will post 5.64 earnings per share for the current year.

Insider Activity

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total transaction of $1,451,249.20. Following the completion of the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The sale 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 Upgrades and Downgrades

A number of equities analysts recently issued reports on APTV shares. Guggenheim lowered their price objective on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $90.00 to $74.00 in a research note on Wednesday, February 7th. UBS Group raised their price target on shares of Aptiv from $107.00 to $110.00 in a research note on Monday, April 8th. Wells Fargo & Company dropped their price target on shares of Aptiv from $84.00 to $83.00 in a research note on Monday, April 8th. Finally, Royal Bank of Canada dropped their price target on shares of Aptiv from $115.00 to $104.00 and set an “outperform” 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 issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and an average target price of $110.36.

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.