Sentry Investment Management LLC Trims Position in Aptiv PLC (NYSE:APTV)

Sentry Investment Management LLC reduced its stake in Aptiv PLC (NYSE:APTV) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,483 shares of the auto parts company’s stock after selling 159 shares during the quarter. Sentry Investment Management LLC’s holdings in Aptiv were worth $133,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Gradient Investments LLC boosted its stake in shares of Aptiv by 36.1% during the 4th quarter. Gradient Investments LLC now owns 154,944 shares of the auto parts company’s stock worth $13,902,000 after acquiring an additional 41,135 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Aptiv in the 4th quarter valued at about $13,120,000. Douglas Lane & Associates LLC boosted its holdings in shares of Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after purchasing an additional 65,354 shares during the last quarter. Zenyatta Capital Management LP boosted its holdings in Aptiv by 53.8% in the fourth quarter. Zenyatta Capital Management LP now owns 50,000 shares of the auto parts company’s stock valued at $4,486,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Banque Pictet & Cie SA grew its stake in Aptiv by 1.0% during the third quarter. Banque Pictet & Cie SA now owns 67,036 shares of the auto parts company’s stock worth $6,609,000 after buying an additional 670 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Insider Buying and Selling

In other news, SVP Benjamin Lyon sold 18,680 shares of Aptiv stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now owns 95,211 shares of the company’s stock, valued at approximately $7,396,942.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by corporate insiders.

Aptiv Trading Down 3.6 %

Aptiv stock opened at $69.35 on Thursday. The firm has a 50-day moving average price of $77.91 and a two-hundred day moving average price of $82.67. Aptiv PLC has a 52-week low of $69.30 and a 52-week high of $113.60. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.94 and a beta of 1.90. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.95 billion. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. Sell-side analysts expect that Aptiv PLC will post 5.66 earnings per share for the current year.

Wall Street Analyst Weigh In

APTV has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, February 1st. Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $96.00 in a research note on Wednesday, January 3rd. UBS Group upped their target price on Aptiv from $107.00 to $110.00 in a research report on Monday, April 8th. Barclays cut their price target on shares of Aptiv from $112.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Finally, Wells Fargo & Company decreased their price objective on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.36.

Aptiv 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.