Janney Montgomery Scott LLC Has $706,000 Position in Aptiv PLC (NYSE:APTV)

Janney Montgomery Scott LLC lessened its position in Aptiv PLC (NYSE:APTV - Free Report) by 61.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,676 shares of the auto parts company's stock after selling 18,532 shares during the period. Janney Montgomery Scott LLC's holdings in Aptiv were worth $706,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Dakota Wealth Management bought a new position in Aptiv in the 4th quarter worth approximately $596,000. Nisa Investment Advisors LLC grew its position in shares of Aptiv by 44.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company's stock valued at $2,255,000 after purchasing an additional 11,469 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Aptiv by 5.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company's stock valued at $715,000 after purchasing an additional 624 shares during the period. Gilman Hill Asset Management LLC boosted its stake in Aptiv by 169.1% in the 4th quarter. Gilman Hill Asset Management LLC now owns 45,875 shares of the auto parts company's stock worth $2,775,000 after purchasing an additional 28,828 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in Aptiv by 14.4% during the 4th quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company's stock worth $247,000 after acquiring an additional 515 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Aptiv Stock Performance

APTV traded up $0.71 during trading on Tuesday, hitting $64.69. 2,244,957 shares of the stock were exchanged, compared to its average volume of 3,436,139. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The stock has a fifty day moving average price of $60.39 and a two-hundred day moving average price of $64.12. The firm has a market capitalization of $15.21 billion, a P/E ratio of 9.40, a PEG ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Aptiv PLC will post 7.14 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on APTV. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a "buy" rating for the company in a report on Monday, October 14th. Morgan Stanley dropped their price objective on shares of Aptiv from $68.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, November 14th. Piper Sandler upgraded Aptiv from an "underweight" rating to a "neutral" rating and raised their price target for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Finally, Oppenheimer increased their price target on shares of Aptiv from $83.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday. One equities research 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, Aptiv has a consensus rating of "Moderate Buy" and an average target price of $85.61.

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.