Trillium Asset Management LLC Sells 215,962 Shares of Aptiv PLC (NYSE:APTV)

Trillium Asset Management LLC lowered its holdings in Aptiv PLC (NYSE:APTV) by 68.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,556 shares of the auto parts company’s stock after selling 215,962 shares during the period. Trillium Asset Management LLC’s holdings in Aptiv were worth $6,021,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after buying an additional 5,002,090 shares during the last quarter. Harris Associates L P purchased a new position in shares of Aptiv during the 3rd quarter valued at $162,640,000. Point72 Asset Management L.P. purchased a new position in shares of Aptiv during the 3rd quarter valued at $143,909,000. FMR LLC lifted its position in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of Aptiv stock 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. The firm has a market capitalization of $14.40 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The business’s 50-day moving average price is $63.72 and its 200-day moving average price is $63.31. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56.

Aptiv (NYSE:APTV) last announced 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%. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on APTV. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and upped their price target for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. UBS Group increased their price objective on Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, February 7th. TD Cowen started coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 price objective on the stock. Guggenheim reissued a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.50.

Aptiv Company 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.