Sandy Spring Bank Raises Stake in Aptiv PLC (NYSE:APTV)

Sandy Spring Bank increased its stake in Aptiv PLC (NYSE:APTV) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,720 shares of the auto parts company’s stock after acquiring an additional 350 shares during the period. Sandy Spring Bank’s holdings in Aptiv were worth $1,949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APTV. Custom Index Systems LLC purchased a new stake in Aptiv in the fourth quarter worth about $269,000. Carr Financial Group Corp grew its position in Aptiv by 8.4% during the fourth quarter. Carr Financial Group Corp now owns 6,222 shares of the auto parts company’s stock valued at $558,000 after buying an additional 480 shares during the period. Impax Asset Management Group plc raised its position in Aptiv by 7.1% in the fourth quarter. Impax Asset Management Group plc now owns 7,273,382 shares of the auto parts company’s stock worth $651,978,000 after acquiring an additional 483,157 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Aptiv by 2.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,440 shares of the auto parts company’s stock worth $578,000 after purchasing an additional 145 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Aptiv during the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 0.8 %

Shares of NYSE APTV traded down $0.57 during mid-day trading on Thursday, reaching $74.38. The company had a trading volume of 184,133 shares, compared to its average volume of 2,710,494. Aptiv PLC has a 52 week low of $71.01 and a 52 week high of $113.60. The business’s 50-day moving average is $78.93 and its 200-day moving average is $83.54. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 0.98 and a beta of 1.90. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last issued its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Equities analysts expect that Aptiv PLC will post 5.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays lowered their target price on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a research note on Thursday. Robert W. Baird cut shares of Aptiv from an “outperform” rating to a “neutral” rating and cut their target price for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. Piper Sandler reduced their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Oppenheimer decreased their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Finally, Citigroup cut their price target on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.14.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $77.69, for a total value of $1,451,249.20. Following the completion of the sale, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by company insiders.

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.