Amalgamated Bank Cuts Holdings in Aptiv PLC (APTV)

Amalgamated Bank lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,070 shares of the auto parts company’s stock after selling 1,072 shares during the period. Amalgamated Bank’s holdings in Aptiv were worth $2,344,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Advisor Partners LLC increased its stake in Aptiv by 3.5% during the 4th quarter. Advisor Partners LLC now owns 4,183 shares of the auto parts company’s stock worth $258,000 after buying an additional 143 shares during the period. Great West Life Assurance Co. Can grew its holdings in Aptiv by 10.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,724 shares of the auto parts company’s stock worth $107,000 after acquiring an additional 163 shares in the last quarter. OLD Second National Bank of Aurora grew its holdings in Aptiv by 0.7% during the 4th quarter. OLD Second National Bank of Aurora now owns 26,727 shares of the auto parts company’s stock worth $1,646,000 after acquiring an additional 174 shares in the last quarter. ETF Managers Group LLC grew its holdings in Aptiv by 15.6% during the 4th quarter. ETF Managers Group LLC now owns 1,530 shares of the auto parts company’s stock worth $94,000 after acquiring an additional 207 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in Aptiv by 49.0% during the 4th quarter. Flagship Harbor Advisors LLC now owns 730 shares of the auto parts company’s stock worth $44,000 after acquiring an additional 240 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.

Shares of NYSE APTV traded down $0.38 during midday trading on Friday, reaching $90.34. The company’s stock had a trading volume of 1,288,755 shares, compared to its average volume of 1,218,191. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 0.95. Aptiv PLC has a one year low of $58.80 and a one year high of $103.23. The company has a market capitalization of $23.30 billion, a P/E ratio of 17.17, a PEG ratio of 1.53 and a beta of 1.79.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, January 31st. The auto parts company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.13. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.53 billion. Aptiv had a net margin of 7.39% and a return on equity of 37.39%. On average, analysts anticipate that Aptiv PLC will post 5.31 earnings per share for the current year.

Several brokerages have weighed in on APTV. Jefferies Financial Group raised their price objective on shares of Aptiv from $100.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Wolfe Research lowered shares of Aptiv from an “outperform” rating to a “peer perform” rating in a report on Thursday. Cowen reaffirmed a “buy” rating on shares of Aptiv in a report on Monday, February 4th. Barclays reissued a “buy” rating and set a $80.00 target price on shares of Aptiv in a research note on Sunday, January 6th. Finally, BMO Capital Markets boosted their target price on shares of Aptiv from $84.00 to $92.00 and gave the company an “outperform” rating in a research note on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $92.25.

In related news, SVP Majdi Abulaban sold 25,130 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $2,010,400.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David M. Sherbin sold 19,689 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $86.79, for a total transaction of $1,708,808.31. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

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About Aptiv

Aptiv PLC, together with its subsidiaries, designs and manufacturers vehicle components, and provides electrical, electronic, and safety technology solutions to the automotive and commercial vehicle markets worldwide. It operates through two segment, Signal and Power Solutions, and Advanced Safety and User Experience.

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Institutional Ownership by Quarter for Aptiv (NYSE:APTV)

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