Orion Portfolio Solutions LLC Sells 2,882 Shares of Aptiv PLC (NYSE:APTV)

Orion Portfolio Solutions LLC cut its stake in shares of Aptiv PLC (NYSE:APTV) by 13.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,452 shares of the auto parts company’s stock after selling 2,882 shares during the period. Orion Portfolio Solutions LLC’s holdings in Aptiv were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in Aptiv during the 4th quarter worth approximately $37,000. CENTRAL TRUST Co grew its position in shares of Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings 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 worth $115,000 after purchasing an additional 918 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Aptiv in the third quarter worth $212,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Aptiv during the third quarter valued at $234,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $65.50, for a total value of $954,204.00. Following the completion of the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APTV. Evercore ISI dropped their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Robert W. Baird upgraded shares of Aptiv from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $75.00 to $82.00 in a research report on Monday, January 27th. Raymond James reissued a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Piper Sandler lifted their price objective on shares of Aptiv from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Finally, Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $86.61.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $53.07 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $63.55 and a 200-day moving average price of $62.69. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.62 and a beta of 1.78. Aptiv PLC has a 12 month low of $50.10 and a 12 month high of $85.56.

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

About Aptiv

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.