Envestnet Portfolio Solutions Inc. lessened its holdings in Aptiv PLC (NYSE:APTV - Free Report) by 57.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,448 shares of the auto parts company's stock after selling 39,101 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Aptiv were worth $1,781,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of APTV. GSA Capital Partners LLP acquired a new position in shares of Aptiv during the third quarter worth about $364,000. Empowered Funds LLC grew its holdings in Aptiv by 6.2% during the 3rd quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company's stock worth $461,000 after acquiring an additional 375 shares in the last quarter. Caprock Group LLC increased its position in shares of Aptiv by 46.0% in the 3rd quarter. Caprock Group LLC now owns 5,423 shares of the auto parts company's stock valued at $391,000 after purchasing an additional 1,708 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Aptiv by 18.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 9,917 shares of the auto parts company's stock worth $714,000 after purchasing an additional 1,575 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Aptiv by 4.9% during the third quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company's stock worth $334,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Aptiv from a "hold" rating to a "buy" rating and set a $78.00 price target for the company in a report on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Baird R W upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Piper Sandler boosted their price target on shares of Aptiv from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.61.
Read Our Latest Stock Analysis on APTV
Aptiv Stock Performance
Shares of APTV stock traded up $0.56 during mid-day trading on Tuesday, hitting $64.47. The stock had a trading volume of 2,078,526 shares, compared to its average volume of 3,272,473. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company's 50-day simple moving average is $63.88 and its 200-day simple moving average is $63.10. The firm has a market cap of $14.79 billion, a PE ratio of 9.37, a PEG ratio of 0.62 and a beta of 1.78.
Aptiv (NYSE:APTV - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Sell-side analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.
Insider Buying and Selling
In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now directly owns 125,237 shares in the company, valued at approximately $8,203,023.50. This represents a 10.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.
Aptiv Profile
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Free Report)
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.
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