IPG Investment Advisors LLC Sells 74,278 Shares of Aptiv PLC (NYSE:APTV)

IPG Investment Advisors LLC lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 77.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,042 shares of the auto parts company’s stock after selling 74,278 shares during the quarter. IPG Investment Advisors LLC’s holdings in Aptiv were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new stake in Aptiv in the 4th quarter worth $37,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter worth about $43,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Aptiv by 93.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after purchasing an additional 918 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in Aptiv during the 4th quarter valued at approximately $204,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and set a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. Robert W. Baird upgraded shares of 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 report on Monday, January 27th. Argus raised shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, Barclays boosted their price target on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Trading Down 2.7 %

NYSE:APTV opened at $60.58 on Friday. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 0.62 and a beta of 1.78. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average price is $64.05 and its 200-day moving average price is $63.01. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56.

Aptiv (NYSE:APTV) last issued its earnings results 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%. On average, equities research analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aptiv news, 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 completion of the sale, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by 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.