Insider Selling: Aptiv PLC (NYSE:APTV) CEO Sells 6,665 Shares of Stock

Aptiv PLC (NYSE:APTV – Get Rating) CEO Kevin P. Clark sold 6,665 shares of Aptiv stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $116.54, for a total transaction of $776,739.10. Following the completion of the transaction, the chief executive officer now owns 532,577 shares in the company, valued at $62,066,523.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Aptiv Trading Down 2.1 %

Shares of APTV stock opened at $111.08 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $30.10 billion, a price-to-earnings ratio of 56.96, a PEG ratio of 2.37 and a beta of 2.04. The firm has a 50-day moving average price of $110.33 and a 200 day moving average price of $99.79. Aptiv PLC has a twelve month low of $77.96 and a twelve month high of $129.18.

Aptiv (NYSE:APTV – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The auto parts company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.19 by $0.08. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Aptiv had a return on equity of 11.29% and a net margin of 3.40%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Research analysts forecast that Aptiv PLC will post 4.37 earnings per share for the current fiscal year.

Institutional Trading of Aptiv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Aptiv by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 29,445,738 shares of the auto parts company’s stock valued at $2,302,952,000 after buying an additional 290,865 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Aptiv by 15.9% during the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,256 shares of the auto parts company’s stock worth $824,000 after purchasing an additional 1,271 shares during the period. United Capital Financial Advisers LLC grew its holdings in shares of Aptiv by 19.1% during the 2nd quarter. United Capital Financial Advisers LLC now owns 56,292 shares of the auto parts company’s stock worth $5,014,000 after purchasing an additional 9,031 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Aptiv by 6.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 38,756 shares of the auto parts company’s stock worth $3,187,000 after purchasing an additional 2,431 shares during the period. Finally, Amundi grew its holdings in shares of Aptiv by 5.0% during the 2nd quarter. Amundi now owns 1,576,643 shares of the auto parts company’s stock worth $138,325,000 after purchasing an additional 75,315 shares during the period. Hedge funds and other institutional investors own 90.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on APTV. Cowen raised their target price on Aptiv from $134.00 to $144.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Oppenheimer reduced their target price on Aptiv from $159.00 to $152.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Guggenheim raised their target price on Aptiv from $138.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, February 15th. Robert W. Baird raised their target price on Aptiv from $135.00 to $141.00 and gave the company an “outperform” rating in a report on Wednesday, February 15th. Finally, Barclays assumed coverage on Aptiv in a report on Tuesday, February 14th. They issued an “overweight” rating and a $150.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

About Aptiv

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Aptiv Plc is a technology and mobility architecture company, which engages in the business of designing and manufacturing vehicle components; providing electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicle markets; and creating the software and hardware foundation for vehicle features and functionality.