Copperwynd Financial LLC Trims Stake in Aptiv PLC (NYSE:APTV)

Copperwynd Financial LLC trimmed its stake in Aptiv PLC (NYSE:APTV) by 49.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,031 shares of the auto parts company’s stock after selling 3,927 shares during the period. Copperwynd Financial LLC’s holdings in Aptiv were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Catalyst Funds Management Pty Ltd increased its stake in shares of Aptiv by 387.5% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 15,600 shares of the auto parts company’s stock worth $943,000 after purchasing an additional 12,400 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Aptiv in the 4th quarter worth $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Aptiv in the 4th quarter worth $6,597,000. HighTower Advisors LLC increased its stake in shares of Aptiv by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 14,663 shares of the auto parts company’s stock worth $887,000 after purchasing an additional 577 shares in the last quarter. Finally, Marathon Trading Investment Management LLC bought a new position in Aptiv in the 4th quarter worth $1,289,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on APTV shares. Guggenheim reaffirmed a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. Oppenheimer upped their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. StockNews.com started coverage on shares of Aptiv in a report on Tuesday. They issued a “hold” rating for the company. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $75.00 to $82.00 in a report on Monday, January 27th. Finally, UBS Group increased their price objective on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. One investment 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 company’s stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $86.50.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’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 transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale 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.

Aptiv Stock Performance

Aptiv stock opened at $63.28 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The firm has a market capitalization of $14.52 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The company’s 50-day moving average is $63.64 and its 200 day moving average is $63.53.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

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.