Aptiv PLC (NYSE:APTV) Position Trimmed by Sandy Spring Bank

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

Several other institutional investors have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its holdings in shares of Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Aptiv during the fourth quarter valued at $37,000. Brooklyn Investment Group acquired a new position in shares of Aptiv during the third quarter valued at $43,000. CENTRAL TRUST Co boosted 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 during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Aptiv during the third quarter valued at $64,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APTV. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Argus raised shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada upped their price objective on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company upped their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares in the company, valued at $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

Aptiv Price Performance

NYSE APTV opened at $62.40 on Friday. The stock’s 50-day moving average price is $63.82 and its two-hundred day moving average price is $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 company has a market cap of $14.32 billion, a PE ratio of 9.07, a PEG ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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%. On average, analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company 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.