Principal Securities Inc. Lowers Holdings in Aptiv PLC (NYSE:APTV)

Principal Securities Inc. decreased its holdings in shares of Aptiv PLC (NYSE:APTV - Free Report) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,338 shares of the auto parts company's stock after selling 11,632 shares during the quarter. Principal Securities Inc.'s holdings in Aptiv were worth $867,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Proactive Wealth Strategies LLC bought a new stake in Aptiv during the third quarter worth about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company's stock valued at $8,022,000 after buying an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Aptiv in the third quarter worth approximately $14,893,000. Focus Financial Network Inc. bought a new position in Aptiv during the fourth quarter valued at approximately $379,000. Finally, Shorepath Capital Management LLC raised its stake in shares of Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after acquiring an additional 11,835 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Royal Bank of Canada raised their price objective on Aptiv from $75.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. TD Cowen lowered their target price on Aptiv from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Friday, November 1st. UBS Group raised their price target on Aptiv from $82.00 to $91.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Baird R W upgraded Aptiv from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and an average price target of $85.61.

Aptiv Stock Down 1.4 %

APTV stock traded down $0.97 during midday trading on Friday, hitting $66.65. The stock had a trading volume of 3,237,276 shares, compared to its average volume of 3,250,520. The business has a 50-day moving average of $61.85 and a two-hundred day moving average of $64.02. 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 firm has a market cap of $15.29 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.62 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 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, equities research analysts forecast 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.