Ellis Investment Partners LLC Sells 11,367 Shares of Aptiv PLC (NYSE:APTV)

Ellis Investment Partners LLC trimmed its stake in shares of Aptiv PLC (NYSE:APTV - Free Report) by 72.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,259 shares of the auto parts company's stock after selling 11,367 shares during the quarter. Ellis Investment Partners LLC's holdings in Aptiv were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

APTV has been the topic of several research reports. Wells Fargo & Company upped their price target on Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Oppenheimer boosted their target price on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. UBS Group increased their price target on Aptiv from $82.00 to $91.00 and gave the company a "buy" rating in a research report on Friday, February 7th. TD Cowen reduced their price objective on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Aptiv in a research report on Saturday, February 15th. They issued a "hold" rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $85.61.

Aptiv Stock Performance

Shares of Aptiv stock traded up $0.93 on Thursday, reaching $67.59. The stock had a trading volume of 2,617,306 shares, compared to its average volume of 3,250,921. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The business's 50-day moving average price is $61.67 and its two-hundred day moving average price is $64.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The stock has a market cap of $15.51 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 EPS 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.