Orion Portfolio Solutions LLC Sells 2,882 Shares of Aptiv PLC (NYSE:APTV)

Orion Portfolio Solutions LLC cut its stake in Aptiv PLC (NYSE:APTV) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,452 shares of the auto parts company’s stock after selling 2,882 shares during the period. Orion Portfolio Solutions LLC’s holdings in Aptiv were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the 4th quarter valued at $37,000. CENTRAL TRUST Co boosted its position in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after acquiring an additional 918 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at about $212,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at about $234,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $53.07 on Friday. Aptiv PLC has a 52 week low of $50.10 and a 52 week high of $85.56. The firm’s 50-day simple moving average is $63.55 and its two-hundred day simple moving average is $62.69. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.62 and a beta of 1.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last posted 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%. As a group, equities analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on APTV shares. Raymond James reissued a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. TD Cowen initiated 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. Finally, Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.61.

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.