Aptiv PLC (NYSE:APTV) CFO Joseph R. Massaro Sells 1,900 Shares

Aptiv PLC (NYSE:APTV) CFO Joseph R. Massaro sold 1,900 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $101.87, for a total transaction of $193,553.00. Following the sale, the chief financial officer now owns 206,773 shares of the company’s stock, valued at $21,063,965.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Aptiv Stock Performance

APTV traded up $1.18 during midday trading on Tuesday, reaching $102.57. The company had a trading volume of 1,418,590 shares, compared to its average volume of 1,904,754. The business has a 50-day moving average of $104.13 and a two-hundred day moving average of $102.89. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.69. Aptiv PLC has a 1 year low of $77.96 and a 1 year high of $124.88. The company has a market cap of $29.01 billion, a P/E ratio of 30.82, a P/E/G ratio of 1.19 and a beta of 2.05.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, August 3rd. The auto parts company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.22. Aptiv had a net margin of 4.95% and a return on equity of 14.89%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $4.72 billion. As a group, equities research analysts predict that Aptiv PLC will post 4.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Aptiv by 1.2% in the first quarter. Vanguard Group Inc. now owns 28,817,851 shares of the auto parts company’s stock worth $3,449,785,000 after buying an additional 340,939 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Aptiv by 2.4% during the 2nd quarter. BlackRock Inc. now owns 22,256,811 shares of the auto parts company’s stock valued at $2,272,198,000 after purchasing an additional 522,041 shares during the last quarter. State Street Corp grew its position in shares of Aptiv by 3.4% during the second quarter. State Street Corp now owns 10,441,884 shares of the auto parts company’s stock valued at $1,066,012,000 after purchasing an additional 344,113 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Aptiv by 19.3% in the second quarter. Impax Asset Management Group plc now owns 6,133,380 shares of the auto parts company’s stock worth $625,633,000 after purchasing an additional 993,522 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Aptiv by 2.1% in the second quarter. Geode Capital Management LLC now owns 5,734,978 shares of the auto parts company’s stock worth $583,947,000 after buying an additional 120,302 shares in the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on APTV. Royal Bank of Canada raised their price target on shares of Aptiv from $127.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. UBS Group initiated coverage on Aptiv in a report on Tuesday, September 12th. They issued a “buy” rating and a $143.00 target price for the company. StockNews.com began coverage on Aptiv in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research raised Aptiv from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, June 8th. Finally, Oppenheimer raised their price target on shares of Aptiv from $146.00 to $149.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.13.

Aptiv Company Profile

Aptiv PLC engages in design, manufacture, and sale of vehicle components worldwide. The company provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets. It operates in two segments, Signal and Power Solutions, and Advanced Safety and User Experience.