IPG Investment Advisors LLC Sells 74,278 Shares of Aptiv PLC (NYSE:APTV)

IPG Investment Advisors LLC trimmed its stake in Aptiv PLC (NYSE:APTV) by 77.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,042 shares of the auto parts company’s stock after selling 74,278 shares during the period. IPG Investment Advisors LLC’s holdings in Aptiv were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Picton Mahoney Asset Management bought a new position in shares of Aptiv in the fourth quarter worth approximately $37,000. Brooklyn Investment Group purchased a new position in shares of Aptiv during the 3rd quarter valued at $43,000. CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after buying an additional 677 shares during the period. SRS Capital Advisors Inc. increased its stake in Aptiv by 93.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,904 shares of the auto parts company’s stock worth $115,000 after buying an additional 918 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Aptiv during the third quarter valued at about $212,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Trading Down 2.7 %

Aptiv stock opened at $60.58 on Friday. The stock has a 50-day moving average price of $64.05 and a 200 day moving average price of $63.01. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Evercore ISI cut their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, February 7th. TD Cowen assumed coverage on shares of Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. Finally, Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.61.

Insiders Place Their Bets

In related news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares of the company’s stock, valued at approximately $8,203,023.50. This trade represents a 10.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.

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.