Parkside Investments LLC Sells 80,550 Shares of Aptiv PLC (NYSE:APTV)

Parkside Investments LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 81.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,000 shares of the auto parts company’s stock after selling 80,550 shares during the quarter. Parkside Investments LLC’s holdings in Aptiv were worth $1,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Proactive Wealth Strategies LLC acquired a new stake in Aptiv in the 3rd quarter valued at approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after purchasing an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Aptiv in the third quarter worth $14,893,000. Shorepath Capital Management LLC boosted its holdings in 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 purchasing an additional 11,835 shares during the last quarter. Finally, National Pension Service grew its position in Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after purchasing an additional 71,633 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

Aptiv stock opened at $63.40 on Monday. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.75. The stock’s 50 day moving average is $58.60 and its 200-day moving average is $64.73. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $88.89.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 EPS. Equities research analysts expect that Aptiv PLC will post 6.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on APTV shares. Bank of America cut their price target on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays dropped their target price on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and raised their price target for the company from $75.00 to $82.00 in a research note on Monday. Royal Bank of Canada dropped their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and a consensus price target of $85.47.

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.