Aptiv PLC (NYSE:APTV) Shares Sold by HM Payson & Co.

HM Payson & Co. lowered its stake in Aptiv PLC (NYSE:APTV) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,792 shares of the auto parts company’s stock after selling 2,042 shares during the quarter. HM Payson & Co.’s holdings in Aptiv were worth $229,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv in the third quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv in the third quarter valued at 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 valued at $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Aptiv in the third quarter valued at about $64,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Trading Up 2.6 %

Shares of NYSE APTV opened at $66.81 on Monday. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $85.56. 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 stock’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $63.70.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APTV shares. Guggenheim restated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. TD Cowen started coverage on Aptiv in a research note on Friday. They set a “buy” rating and a $90.00 price objective for the company. Royal Bank of Canada raised their price objective on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com started coverage on Aptiv in a research note on Monday, March 3rd. They set a “hold” rating for the company. Finally, Barclays raised their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $86.50.

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.