Wilmington Savings Fund Society FSB Cuts Position in Aptiv PLC (NYSE:APTV)

Wilmington Savings Fund Society FSB lessened its stake in Aptiv PLC (NYSE:APTV - Free Report) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,663 shares of the auto parts company's stock after selling 8,519 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Aptiv were worth $4,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Aptiv by 20.4% in the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company's stock valued at $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company's stock valued at $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company's stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Aptiv by 18.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company's stock valued at $179,189,000 after purchasing an additional 388,045 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Aptiv by 4.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company's stock valued at $171,833,000 after purchasing an additional 108,626 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on APTV. JPMorgan Chase & Co. boosted their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. Morgan Stanley reduced their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, November 14th. HSBC raised Aptiv from a "hold" rating to a "buy" rating and increased their price target for the company from $63.00 to $77.00 in a report on Tuesday, February 4th. Robert W. Baird upgraded Aptiv from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.61.

Aptiv Trading Up 1.3 %

NYSE APTV traded up $0.82 on Wednesday, hitting $65.48. 2,590,693 shares of the stock were exchanged, compared to its average volume of 3,405,941. The company's 50-day moving average price is $60.57 and its two-hundred day moving average price is $64.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.06. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 9.52, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Research analysts predict that Aptiv PLC will post 7.14 EPS for the current 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.