Meyer Handelman Co. Sells 11,070 Shares of Aptiv PLC (NYSE:APTV)

Meyer Handelman Co. reduced its position in shares of Aptiv PLC (NYSE:APTV) by 50.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,670 shares of the auto parts company’s stock after selling 11,070 shares during the quarter. Meyer Handelman Co.’s holdings in Aptiv were worth $850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Aptiv by 6.3% in the fourth quarter. Wells Fargo & Company MN now owns 455,651 shares of the auto parts company’s stock worth $40,881,000 after acquiring an additional 26,933 shares during the period. Gradient Investments LLC grew its stake in shares of Aptiv by 36.1% in the fourth 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 during the period. International Assets Investment Management LLC bought a new stake in shares of Aptiv in the fourth quarter worth approximately $13,120,000. FIFTHDELTA Ltd bought a new stake in shares of Aptiv in the fourth quarter worth approximately $50,767,000. Finally, Trillium Asset Management LLC grew its stake in shares of Aptiv by 33.1% in the fourth quarter. Trillium Asset Management LLC now owns 361,249 shares of the auto parts company’s stock worth $32,411,000 after acquiring an additional 89,786 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 394 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $76.98, for a total value of $30,330.12. Following the sale, the director now owns 13,636 shares in the company, valued at $1,049,699.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APTV has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Aptiv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. Wells Fargo & Company dropped their price objective on shares of Aptiv from $84.00 to $83.00 in a report on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $109.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Guggenheim raised their price objective on shares of Aptiv from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Barclays dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Aptiv Price Performance

APTV stock opened at $75.21 on Friday. Aptiv PLC has a one year low of $68.84 and a one year high of $113.60. The company’s fifty day moving average price is $77.55 and its 200-day moving average price is $79.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.29. The company has a market capitalization of $20.46 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.59 and a beta of 1.87.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, May 2nd. The auto parts company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.11. Aptiv had a net margin of 14.87% and a return on equity of 13.21%. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Aptiv’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that Aptiv PLC will post 6.01 EPS for the current fiscal year.

About Aptiv

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.