Gibraltar Capital Management Inc. Has $5.81 Million Stake in Aptiv PLC (NYSE:APTV)

Gibraltar Capital Management Inc. lowered its position in Aptiv PLC (NYSE:APTV) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 64,753 shares of the auto parts company’s stock after selling 3,099 shares during the quarter. Aptiv accounts for approximately 2.5% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 21st biggest holding. Gibraltar Capital Management Inc.’s holdings in Aptiv were worth $5,810,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Aptiv by 4.2% during the third quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after acquiring an additional 1,265,774 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Aptiv by 65.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,158,382 shares of the auto parts company’s stock worth $193,650,000 after buying an additional 850,294 shares during the period. Envestnet Asset Management Inc. boosted its position in Aptiv by 138.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock worth $127,121,000 after buying an additional 747,666 shares during the period. Impax Asset Management Group plc boosted its position in Aptiv by 10.7% during the 3rd quarter. Impax Asset Management Group plc now owns 6,790,225 shares of the auto parts company’s stock worth $668,843,000 after buying an additional 656,845 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Aptiv in the 3rd quarter worth approximately $52,529,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Down 1.9 %

APTV stock traded down $1.41 during midday trading on Tuesday, reaching $71.00. 2,747,902 shares of the company’s stock traded hands, compared to its average volume of 2,634,356. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.91 and a beta of 1.90. The firm’s fifty day moving average price is $76.21 and its 200-day moving average price is $80.93. 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 52 week low of $68.84 and a 52 week high of $113.60.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, sell-side analysts forecast that Aptiv PLC will post 5.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

APTV has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of Aptiv from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $90.00 to $74.00 in a research report on Wednesday, February 7th. Guggenheim dropped their price target on shares of Aptiv from $103.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Aptiv from $110.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, April 22nd. Citigroup dropped their price target on shares of Aptiv from $150.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Finally, Oppenheimer lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $109.93.

Insider Buying and Selling at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction on 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 transaction, the senior vice president now directly owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Aptiv 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.