RNC Capital Management LLC Sells 12,681 Shares of Aptiv PLC (NYSE:APTV)

RNC Capital Management LLC decreased its position in shares of Aptiv PLC (NYSE:APTV) by 41.2% in the 4th quarter, HoldingsChannel reports. The fund owned 18,127 shares of the auto parts company’s stock after selling 12,681 shares during the period. RNC Capital Management LLC’s holdings in Aptiv were worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares in the last quarter. Wolff Wiese Magana LLC grew its holdings in Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Aptiv during the third quarter worth $43,000. Brooklyn Investment Group purchased a new position in Aptiv in the third quarter worth $43,000. Finally, Mather Group LLC. boosted its position in Aptiv by 36.9% in the third quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock worth $47,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on APTV shares. Oppenheimer cut their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company boosted their price objective on Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Aptiv Stock Performance

Shares of APTV opened at $63.38 on Friday. The stock’s 50-day simple moving average is $59.91 and its 200 day simple moving average is $64.24. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.55 and a beta of 1.74. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last announced 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 return on equity of 14.51% and a net margin of 12.29%. Research analysts forecast that Aptiv PLC will post 6.18 EPS for the current fiscal 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.