HighPoint Advisor Group LLC Decreases Stake in Aptiv PLC (NYSE:APTV)

HighPoint Advisor Group LLC decreased its holdings in Aptiv PLC (NYSE:APTV) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,472 shares of the auto parts company’s stock after selling 426 shares during the period. HighPoint Advisor Group LLC’s holdings in Aptiv were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APTV. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.7% in the 4th quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock valued at $371,767,000 after acquiring an additional 1,408,433 shares during the period. Victory Capital Management Inc. raised its position in Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after purchasing an additional 223,831 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock worth $168,619,000 after buying an additional 552,066 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the third quarter valued at about $143,909,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 2.8 %

Aptiv stock opened at $60.78 on Thursday. 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 PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm’s 50-day moving average is $63.92 and its 200-day moving average is $62.85. The company has a market cap of $13.95 billion, a P/E ratio of 8.83, a PEG ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) 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%. On average, equities analysts expect that Aptiv PLC will post 7.2 earnings per share 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 value of $954,204.00. Following the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on APTV shares. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Guggenheim restated a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. StockNews.com assumed coverage on shares of Aptiv in a report on Thursday, March 27th. They issued a “hold” rating on the stock. Finally, UBS Group raised their target price on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

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.