Sei Investments Co. Reduces Stake in Aptiv PLC (NYSE:APTV)

Sei Investments Co. reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 5.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274,297 shares of the auto parts company’s stock after selling 14,989 shares during the period. Sei Investments Co. owned about 0.12% of Aptiv worth $16,588,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APTV. Brown Brothers Harriman & Co. increased its position in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Aptiv in the 4th quarter valued at about $37,000. Brooklyn Investment Group purchased a new stake in Aptiv during the third quarter valued at about $43,000. CENTRAL TRUST Co boosted its position in Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after purchasing an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in shares of Aptiv in the third quarter worth about $64,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $62.31 on Friday. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.62 and a beta of 1.78. The stock has a fifty day moving average of $64.06 and a 200 day moving average of $63.08. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS 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%. As a group, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on APTV shares. Evercore ISI cut their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. StockNews.com started coverage on Aptiv in a research report on Thursday. They issued a “hold” rating for the company. Royal Bank of Canada increased their price objective on Aptiv from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Piper Sandler raised their price objective on shares of Aptiv from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, Oppenheimer upped their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insiders Place Their Bets

In other news, SVP Benjamin Lyon sold 14,568 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 125,237 shares in the company, valued at $8,203,023.50. This trade represents a 10.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.