Northwest & Ethical Investments L.P. Sells 3,135 Shares of Aptiv PLC (NYSE:APTV)

Northwest & Ethical Investments L.P. lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 228,661 shares of the auto parts company’s stock after selling 3,135 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Aptiv were worth $13,829,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in APTV. GSA Capital Partners LLP bought a new stake in Aptiv during the third quarter valued at about $364,000. CIBC Asset Management Inc boosted its position in Aptiv by 8.1% during the third quarter. CIBC Asset Management Inc now owns 31,964 shares of the auto parts company’s stock valued at $2,302,000 after purchasing an additional 2,399 shares in the last quarter. Empowered Funds LLC boosted its position in Aptiv by 6.2% during the third quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company’s stock valued at $461,000 after purchasing an additional 375 shares in the last quarter. Caprock Group LLC boosted its position in Aptiv by 46.0% during the third quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Aptiv by 18.9% during the third quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company’s stock valued at $714,000 after purchasing an additional 1,575 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. The trade was a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of research analyst reports. Barclays increased their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. StockNews.com initiated coverage on Aptiv in a research note on Wednesday. They issued a “hold” rating for the company. Wells Fargo & Company increased their price target on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the company from $75.00 to $82.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.50.

Aptiv Stock Down 0.1 %

Shares of APTV opened at $62.75 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The stock’s 50 day moving average is $63.72 and its two-hundred day moving average is $63.31. The firm has a market cap of $14.40 billion, a P/E ratio of 9.12, a PEG ratio of 0.62 and a beta of 1.78.

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