Aptiv PLC (NYSE:APTV) Position Reduced by West Oak Capital LLC

West Oak Capital LLC decreased its position in Aptiv PLC (NYSE:APTV) by 13.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,520 shares of the auto parts company’s stock after selling 1,765 shares during the quarter. West Oak Capital LLC’s holdings in Aptiv were worth $1,034,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Aptiv during the 4th quarter worth $382,261,000. Price T Rowe Associates Inc. MD boosted its stake in Aptiv by 350.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,723,984 shares of the auto parts company’s stock valued at $305,605,000 after buying an additional 2,119,819 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Aptiv by 4.2% in the 3rd quarter. Vanguard Group Inc. now owns 31,372,005 shares of the auto parts company’s stock worth $3,092,966,000 after purchasing an additional 1,265,774 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Aptiv during the 2nd quarter valued at $79,896,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of Aptiv by 138.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,289,388 shares of the auto parts company’s stock valued at $127,121,000 after purchasing an additional 747,666 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Aptiv from $79.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Guggenheim cut their target price on shares of Aptiv from $120.00 to $103.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Royal Bank of Canada lowered their target price on shares of Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Piper Sandler lowered their target price on Aptiv from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, February 1st. Finally, Morgan Stanley cut Aptiv from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $90.00 to $74.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.57.

Insider Transactions at Aptiv

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

Aptiv Stock Up 0.7 %

Shares of APTV stock traded up $0.55 on Thursday, hitting $79.19. The stock had a trading volume of 782,313 shares, compared to its average volume of 2,789,619. 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 stock has a market cap of $21.59 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.90. The business has a 50 day moving average of $80.06 and a 200 day moving average of $85.25. Aptiv PLC has a 12-month low of $71.01 and a 12-month high of $113.60.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.29 by $0.11. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.95 billion. Aptiv had a net margin of 14.65% and a return on equity of 13.32%. As a group, analysts expect that Aptiv PLC will post 5.67 EPS for the current 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.