Aptiv PLC (NYSE:APTV) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. reduced its stake in Aptiv PLC (NYSE:APTV) by 53.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,600 shares of the auto parts company’s stock after selling 252,900 shares during the period. Adage Capital Partners GP L.L.C. owned 0.10% of Aptiv worth $13,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APTV. Virtu Financial LLC acquired a new position in Aptiv in the third quarter valued at approximately $783,000. World Investment Advisors LLC bought a new stake in shares of Aptiv during the third quarter valued at approximately $212,000. Tidal Investments LLC raised its holdings in shares of Aptiv by 29.7% during the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock valued at $1,117,000 after buying an additional 3,553 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Finally, Inspire Trust Co. N.A. raised its holdings in shares of Aptiv by 48.0% during the third quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock valued at $2,016,000 after buying an additional 9,075 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Argus raised Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Hsbc Global Res raised Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. TD Cowen assumed coverage on Aptiv in a report on Friday, March 7th. They set a “buy” rating and a $90.00 target price on the stock. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average price target of $81.94.

Aptiv Trading Up 1.7 %

NYSE APTV opened at $56.00 on Monday. Aptiv PLC has a twelve month low of $47.19 and a twelve month high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.62 and a beta of 1.64. The firm’s 50 day moving average price is $59.39 and its two-hundred day moving average price is $60.37.

Aptiv (NYSE:APTV) last posted its quarterly earnings data 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 net margin of 9.07% and a return on equity of 15.63%. Equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of Aptiv stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the completion of the sale, the senior vice president now directly owns 125,237 shares in the company, valued at $8,203,023.50. The trade was a 10.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.45% of the company’s stock.

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.