Insider Selling: Aptiv PLC (NYSE:APTV) SVP Sells 14,568 Shares of Stock

Aptiv PLC (NYSE:APTV) SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction 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. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Aptiv Stock Up 0.9 %

Shares of APTV stock traded up $0.56 during trading hours on Wednesday, reaching $63.75. 3,016,278 shares of the company’s stock were exchanged, compared to its average volume of 3,411,519. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The stock’s 50 day moving average is $63.48 and its 200-day moving average is $63.60. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (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.

Wall Street Analyst Weigh In

APTV has been the subject of a number of research analyst reports. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $75.00 to $82.00 in a report on Monday, January 27th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada boosted their price target on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Hedge Funds Weigh In On Aptiv

Several hedge funds have recently modified their holdings of the stock. South Dakota Investment Council increased its stake in Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv during the third quarter valued at $1,815,000. Focus Financial Network Inc. acquired a new position in shares of Aptiv in the 4th quarter valued at $379,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Aptiv by 73.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Aptiv during the 3rd quarter worth about $14,893,000. Institutional investors and hedge funds own 94.21% 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.