Cannell & Spears LLC Lowers Position in Aptiv PLC (NYSE:APTV)

Cannell & Spears LLC reduced its stake in Aptiv PLC (NYSE:APTV) by 10.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 152,794 shares of the auto parts company’s stock after selling 17,916 shares during the period. Cannell & Spears LLC’s holdings in Aptiv were worth $9,241,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Aptiv in the 4th quarter worth approximately $37,000. CENTRAL TRUST Co lifted its stake in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Aptiv by 163.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after buying an additional 1,145 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Aptiv by 93.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock valued at $115,000 after buying an additional 918 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Aptiv in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on APTV shares. Guggenheim reaffirmed a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research report on Thursday, December 5th. Royal Bank of Canada upped their target price on shares of Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price objective on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Barclays lifted their target price on Aptiv from $75.00 to $80.00 and gave the company 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 assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Insiders Place Their Bets

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by insiders.

Aptiv Price Performance

Shares of NYSE APTV opened at $60.58 on Monday. The stock has a fifty day moving average price of $64.05 and a 200 day moving average price of $62.99. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market cap of $13.90 billion, a PE ratio of 8.80, a P/E/G ratio of 0.62 and a beta of 1.78.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side 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.