Parkside Investments LLC Sells 80,550 Shares of Aptiv PLC (NYSE:APTV)

Parkside Investments LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 81.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,000 shares of the auto parts company’s stock after selling 80,550 shares during the period. Parkside Investments LLC’s holdings in Aptiv were worth $1,089,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wolff Wiese Magana LLC increased its holdings in Aptiv by 44.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after buying an additional 155 shares during the period. Mather Group LLC. increased its stake in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the last quarter. Farther Finance Advisors LLC raised its position in Aptiv by 16.8% during the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock valued at $88,000 after purchasing an additional 176 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in Aptiv by 4.8% during the fourth quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Aptiv by 4.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock valued at $334,000 after purchasing an additional 218 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $75.00 to $82.00 in a research report on Monday. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. TD Cowen decreased their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. StockNews.com assumed coverage on shares of Aptiv in a research note on Wednesday, January 22nd. They issued a “hold” rating for the company. Finally, Wells Fargo & Company upped their price target on shares of Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.47.

Aptiv Stock Performance

NYSE:APTV opened at $63.40 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $88.89. The company has a 50 day simple moving average of $58.60 and a two-hundred day simple moving average of $64.73. The company has a market capitalization of $14.90 billion, a PE ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. Aptiv’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.30 earnings per share. Research analysts anticipate that Aptiv PLC will post 6.15 earnings per share 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.