UNIVEST FINANCIAL Corp Sells 4,590 Shares of Aptiv PLC (NYSE:APTV)

UNIVEST FINANCIAL Corp cut its position in Aptiv PLC (NYSE:APTV) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,690 shares of the auto parts company’s stock after selling 4,590 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Aptiv were worth $1,614,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of APTV. Brown Brothers Harriman & Co. boosted its position 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 worth $32,000 after purchasing an additional 409 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Aptiv in the fourth quarter worth about $37,000. Brooklyn Investment Group acquired a new stake in Aptiv in the third quarter worth about $43,000. CENTRAL TRUST Co increased its holdings in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv in the 3rd quarter valued at approximately $64,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APTV. Royal Bank of Canada boosted their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James restated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Friday, February 7th. Barclays raised their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Trading Up 2.1 %

Shares of Aptiv stock opened at $65.82 on Thursday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The company has a market cap of $15.10 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. The firm has a 50-day simple moving average of $64.04 and a two-hundred day simple moving average of $63.09.

Aptiv (NYSE:APTV) last issued its quarterly 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 return on equity of 15.63% and a net margin of 9.07%. As a group, equities analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

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.