Slow Capital Inc. Sells 1,509 Shares of Aptiv PLC (NYSE:APTV)

Slow Capital Inc. decreased its position in Aptiv PLC (NYSE:APTV) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,114 shares of the auto parts company’s stock after selling 1,509 shares during the quarter. Slow Capital Inc.’s holdings in Aptiv were worth $2,343,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in Aptiv by 5.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 13,839 shares of the auto parts company’s stock worth $1,657,000 after buying an additional 732 shares in the last quarter. Panagora Asset Management Inc. increased its position in Aptiv by 127.8% in the first quarter. Panagora Asset Management Inc. now owns 10,798 shares of the auto parts company’s stock worth $1,293,000 after buying an additional 6,057 shares in the last quarter. Synovus Financial Corp increased its position in Aptiv by 15.0% in the first quarter. Synovus Financial Corp now owns 3,395 shares of the auto parts company’s stock worth $406,000 after buying an additional 443 shares in the last quarter. Cibc World Market Inc. increased its position in Aptiv by 25.4% in the first quarter. Cibc World Market Inc. now owns 5,600 shares of the auto parts company’s stock worth $670,000 after buying an additional 1,133 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Aptiv by 32.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,239 shares of the auto parts company’s stock worth $268,000 after purchasing an additional 551 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Insiders Place Their Bets

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

Aptiv Stock Performance

Aptiv stock traded down $1.07 during trading hours on Wednesday, hitting $71.94. 1,789,752 shares of the stock traded hands, compared to its average volume of 2,011,799. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.72 and a quick ratio of 1.22. The firm’s 50 day moving average price is $78.16 and its 200-day moving average price is $82.76. The stock has a market capitalization of $19.62 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.94 and a beta of 1.90. Aptiv PLC has a 1 year low of $71.01 and a 1 year high of $113.60.

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 return on equity of 13.32% and a net margin of 14.65%. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. As a group, equities analysts expect that Aptiv PLC will post 5.66 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

APTV has been the subject of several research analyst reports. Citigroup cut their target price on Aptiv from $150.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Piper Sandler cut their price target on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, February 1st. Royal Bank of Canada cut their price target on Aptiv from $115.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, February 1st. Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. cut their price target on Aptiv from $135.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Aptiv presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.14.

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.