Sandy Spring Bank Has $240,000 Stake in Aptiv PLC (NYSE:APTV)

Sandy Spring Bank decreased its position in Aptiv PLC (NYSE:APTV) by 87.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,964 shares of the auto parts company’s stock after selling 26,939 shares during the quarter. Sandy Spring Bank’s holdings in Aptiv were worth $240,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in shares of Aptiv by 1,410.3% in the 3rd 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. Picton Mahoney Asset Management bought a new stake in shares of Aptiv in the 4th quarter valued at approximately $37,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the 3rd quarter valued at approximately $43,000. CENTRAL TRUST Co grew its stake in shares of Aptiv by 356.3% in the 4th 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. bought a new stake in Aptiv during the third quarter worth approximately $64,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE APTV opened at $62.40 on Friday. The business has a fifty day simple moving average of $63.82 and a 200 day simple moving average of $63.24. 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 $14.32 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.62 and a beta of 1.78. Aptiv PLC has a one year low of $51.47 and a one year 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 analysts’ consensus estimates 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 expect that Aptiv PLC will post 7.2 EPS for the current year.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APTV has been the subject of a number of recent analyst reports. Argus raised Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. StockNews.com initiated coverage on Aptiv in a research report on Wednesday. They set a “hold” rating for the company. Guggenheim reaffirmed a “buy” rating and set a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Piper Sandler upped their target price on Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the stock 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 given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average price target 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.