Amalgamated Bank Cuts Stake in Aptiv PLC (NYSE:APTV)

Amalgamated Bank decreased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,994 shares of the auto parts company's stock after selling 7,571 shares during the period. Amalgamated Bank's holdings in Aptiv were worth $2,721,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its position in Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company's stock valued at $32,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv in the third quarter valued at about $43,000. Brooklyn Investment Group bought a new position in shares of Aptiv during the third quarter valued at about $43,000. Hazlett Burt & Watson Inc. boosted its holdings in Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company's stock worth $50,000 after purchasing an additional 351 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Aptiv by 356.3% in the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company's stock worth $52,000 after purchasing an additional 677 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APTV has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Evercore ISI decreased their target price on Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Argus raised shares of Aptiv to a "strong-buy" rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aptiv has an average rating of "Moderate Buy" and a consensus price target of $85.61.

Aptiv Price Performance

APTV stock traded up $2.33 during mid-day trading on Wednesday, reaching $65.13. 4,128,369 shares of the company traded hands, compared to its average volume of 3,380,791. The company has a fifty day moving average price of $63.11 and a 200-day moving average price of $63.81. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The company has a market capitalization of $14.94 billion, a P/E ratio of 9.47, a P/E/G ratio of 0.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

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.