Aptiv PLC (NYSE:APTV) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 53.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,568 shares of the auto parts company’s stock after selling 5,195 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Aptiv were worth $364,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of Aptiv by 33.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,491 shares of the auto parts company’s stock worth $223,000 after acquiring an additional 623 shares during the period. Stonegate Investment Group LLC acquired a new stake in shares of Aptiv in the fourth quarter worth $1,114,000. DAVENPORT & Co LLC increased its stake in shares of Aptiv by 19.5% in the fourth quarter. DAVENPORT & Co LLC now owns 47,392 shares of the auto parts company’s stock worth $4,252,000 after acquiring an additional 7,742 shares during the period. GAM Holding AG acquired a new stake in shares of Aptiv in the fourth quarter worth $1,011,000. Finally, Private Trust Co. NA increased its stake in shares of Aptiv by 29.7% in the fourth quarter. Private Trust Co. NA now owns 1,339 shares of the auto parts company’s stock worth $120,000 after acquiring an additional 307 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Insider Transactions at Aptiv

In other news, Director Nancy E. Cooper sold 394 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the transaction, the director now directly owns 13,636 shares of the company’s stock, valued at $1,049,699.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the topic of a number of research reports. Evercore ISI cut their price objective on shares of Aptiv from $125.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 15th. Guggenheim raised their price target on shares of Aptiv from $92.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Wells Fargo & Company dropped their price target on shares of Aptiv from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday. Barclays dropped their price target on shares of Aptiv from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 16th. Finally, StockNews.com lowered shares of Aptiv from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $97.14.

Aptiv Stock Performance

NYSE:APTV opened at $69.63 on Friday. The company’s 50-day moving average price is $73.36 and its 200-day moving average price is $76.87. The company has a current ratio of 1.49, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. The company has a market cap of $18.94 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.66 and a beta of 1.79. Aptiv PLC has a twelve month low of $65.13 and a twelve month high of $113.14.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.30 billion. Aptiv had a net margin of 18.46% and a return on equity of 13.19%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.25 earnings per share. On average, sell-side analysts forecast that Aptiv PLC will post 6.3 earnings per share for the current fiscal year.

Aptiv Company 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.