Davidson Investment Advisors Decreases Stock Holdings in Aptiv PLC (NYSE:APTV)

Davidson Investment Advisors lessened its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,825 shares of the auto parts company's stock after selling 17,548 shares during the quarter. Davidson Investment Advisors owned 0.09% of Aptiv worth $13,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS lifted its position in Aptiv by 30.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 158,297 shares of the auto parts company's stock valued at $9,574,000 after purchasing an additional 36,825 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Aptiv by 37.4% in the fourth quarter. D.A. Davidson & CO. now owns 23,241 shares of the auto parts company's stock worth $1,406,000 after buying an additional 6,329 shares during the period. Sanctuary Advisors LLC raised its holdings in Aptiv by 42.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,760 shares of the auto parts company's stock valued at $803,000 after buying an additional 3,796 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its position in Aptiv by 9.7% during the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 167,175 shares of the auto parts company's stock valued at $10,111,000 after buying an additional 14,715 shares during the period. Finally, Secured Retirement Advisors LLC grew its holdings in Aptiv by 46.1% in the 4th quarter. Secured Retirement Advisors LLC now owns 20,301 shares of the auto parts company's stock worth $1,228,000 after acquiring an additional 6,406 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APTV. Evercore ISI dropped their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Barclays increased their price objective on Aptiv from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Robert W. Baird raised Aptiv from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $75.00 to $82.00 in a research note on Monday, January 27th. Oppenheimer raised their price target on Aptiv from $83.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Hsbc Global Res raised shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $85.61.

Aptiv Stock Down 1.4 %

Aptiv stock traded down $0.97 during mid-day trading on Friday, hitting $66.65. The company had a trading volume of 3,237,276 shares, compared to its average volume of 3,250,520. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a market capitalization of $15.29 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The stock's 50 day moving average price is $61.85 and its two-hundred day moving average price is $64.02. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV - Get Free Report) last announced 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, sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share 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.