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

Ellis Investment Partners LLC trimmed its position in Aptiv PLC (NYSE:APTV - Free Report) by 72.7% in the fourth quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APTV. Banque Pictet & Cie SA raised its stake in shares of Aptiv by 91.5% in the 4th quarter. Banque Pictet & Cie SA now owns 115,925 shares of the auto parts company's stock valued at $7,011,000 after buying an additional 55,400 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Aptiv by 21.2% in the fourth quarter. V Square Quantitative Management LLC now owns 10,541 shares of the auto parts company's stock valued at $638,000 after acquiring an additional 1,847 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in Aptiv in the fourth quarter worth about $20,160,000. Vontobel Holding Ltd. raised its position in Aptiv by 10.1% in the fourth quarter. Vontobel Holding Ltd. now owns 69,663 shares of the auto parts company's stock worth $4,213,000 after purchasing an additional 6,366 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Aptiv by 0.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company's stock worth $6,149,000 after purchasing an additional 475 shares during the period. 94.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APTV shares. UBS Group increased their target price on Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Piper Sandler raised Aptiv from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. StockNews.com initiated coverage on shares of Aptiv in a research note on Saturday, February 15th. They issued a "hold" rating on the stock. TD Cowen dropped their target price on shares of Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Raymond James restated a "market perform" rating on shares of Aptiv in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.61.

Aptiv Trading Up 1.4 %

Shares of APTV traded up $0.93 during trading hours on Thursday, hitting $67.59. 2,617,306 shares of the stock traded hands, compared to its average volume of 3,250,921. The business has a fifty day moving average of $61.67 and a 200-day moving average of $64.00. The firm has a market capitalization of $15.51 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. 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 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 net margin of 9.07% and a return on equity of 15.63%. Analysts expect that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv Company 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.