Aptiv PLC (NYSE:APTV) Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC cut its stake in Aptiv PLC (NYSE:APTV) by 72.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,259 shares of the auto parts company’s stock after selling 11,367 shares during the period. Ellis Investment Partners LLC’s holdings in Aptiv were worth $258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proactive Wealth Strategies LLC acquired a new stake in shares of Aptiv during the third quarter worth $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Aptiv during the third quarter worth $14,893,000. Shorepath Capital Management LLC raised its holdings 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 purchasing an additional 11,835 shares during the period. Finally, National Pension Service raised its holdings in shares of Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the period. 94.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on APTV shares. Evercore ISI dropped 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. TD Cowen dropped their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $65.00 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a report on Friday, February 7th. Finally, Wells Fargo & Company increased their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Stock Performance

NYSE:APTV opened at $67.06 on Monday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $61.15 and a 200-day moving average of $64.08. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.74.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Analysts forecast that Aptiv PLC will post 7.14 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.