Kevin P. Clark Sells 5,830 Shares of Aptiv PLC (NYSE:APTV) Stock

Aptiv PLC (NYSE:APTV) CEO Kevin P. Clark sold 5,830 shares of the firm’s stock in a transaction dated Tuesday, January 11th. The stock was sold at an average price of $159.51, for a total value of $929,943.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

APTV stock opened at $152.60 on Friday. The firm has a 50 day moving average of $166.03 and a 200-day moving average of $161.45. Aptiv PLC has a 12-month low of $127.21 and a 12-month high of $180.81. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 0.47. The company has a market cap of $41.28 billion, a price-to-earnings ratio of 52.08, a PEG ratio of 3.14 and a beta of 2.06.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, November 4th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Aptiv had a net margin of 5.47% and a return on equity of 10.75%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same period last year, the firm earned $1.13 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Sell-side analysts forecast that Aptiv PLC will post 2.57 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Spire Wealth Management raised its position in shares of Aptiv by 1,032.4% during the 4th quarter. Spire Wealth Management now owns 5,515 shares of the auto parts company’s stock worth $910,000 after purchasing an additional 5,028 shares during the last quarter. Intermede Investment Partners Ltd raised its position in shares of Aptiv by 3.0% during the 4th quarter. Intermede Investment Partners Ltd now owns 616,432 shares of the auto parts company’s stock worth $101,680,000 after purchasing an additional 18,024 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Aptiv during the 4th quarter worth approximately $349,000. Louisiana State Employees Retirement System raised its position in shares of Aptiv by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the auto parts company’s stock worth $2,804,000 after purchasing an additional 200 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Aptiv by 1.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 12,085 shares of the auto parts company’s stock worth $1,993,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 90.00% of the company’s stock.

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Aptiv from $174.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, November 5th. Piper Sandler lowered Aptiv from an “overweight” rating to a “neutral” rating and set a $177.00 price target on the stock. in a report on Sunday, November 7th. Barclays lowered their price target on Aptiv from $212.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, December 16th. Robert W. Baird lifted their price objective on Aptiv from $175.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, November 5th. Finally, Credit Suisse Group lifted their price objective on Aptiv from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, November 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $184.47.

About Aptiv

Aptiv Plc engages in the design, development, and manufacture of vehicle components. The firm also provides electrical, electronic, and safety technology solutions to the global automotive and commercial vehicle markets. It operates through the following business segments: Signal and Power Solutions, Advanced Safety and User Experience, and Eliminations and Other.

Further Reading: Net Income

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