Whittier Trust Co. of Nevada Inc. Trims Stock Holdings in Aptiv PLC (NYSE:APTV)

Whittier Trust Co. of Nevada Inc. lowered its holdings in Aptiv PLC (NYSE:APTV) by 54.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,769 shares of the auto parts company’s stock after selling 7,976 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Aptiv were worth $409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APTV. Brown Brothers Harriman & Co. boosted its holdings in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Aptiv during the fourth quarter valued at approximately $37,000. Brooklyn Investment Group acquired a new stake in Aptiv during the third quarter valued at approximately $43,000. CENTRAL TRUST Co raised 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 valued at $52,000 after buying an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Aptiv during the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped their price objective on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. HSBC upgraded Aptiv from a “hold” rating to a “buy” rating and upped their price objective for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen initiated coverage on Aptiv in a research report on Friday, March 7th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.61.

Aptiv Stock Down 0.1 %

APTV opened at $62.40 on Friday. The stock’s 50 day moving average price is $63.82 and its 200 day moving average price is $63.19. 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 stock has a market cap of $14.32 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56.

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, beating 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, research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current year.

Insider Buying and Selling at Aptiv

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.45% of the stock is currently owned by corporate 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.