Aptiv PLC (NYSE:APTV) Position Reduced by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC decreased its position in Aptiv PLC (NYSE:APTV) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,213 shares of the auto parts company’s stock after selling 992 shares during the period. Insigneo Advisory Services LLC’s holdings in Aptiv were worth $315,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Aptiv during the 4th quarter valued at $106,492,000. Pictet Asset Management Holding SA increased its position in Aptiv by 1,018.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,690,845 shares of the auto parts company’s stock worth $102,262,000 after purchasing an additional 1,539,724 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Aptiv by 11.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock worth $864,206,000 after acquiring an additional 1,517,104 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.7% during the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after purchasing an additional 1,408,433 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock worth $168,619,000 after purchasing an additional 552,066 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Trading Up 2.0 %

APTV opened at $51.75 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $85.56. The company’s 50 day moving average price is $60.70 and its two-hundred day moving average price is $61.08. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 0.62 and a beta of 1.64.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. As a group, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays reissued an “equal weight” rating and set a $55.00 price objective (down previously from $80.00) on shares of Aptiv in a report on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, February 7th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. TD Cowen initiated coverage on shares of Aptiv in a research note on Friday, March 7th. They issued a “buy” rating and a $90.00 price objective on the stock. Finally, Royal Bank of Canada increased their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.44.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the transaction, the senior vice president now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.45% 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.