Middleton & Co. Inc. MA Sells 11,265 Shares of Aptiv PLC (NYSE:APTV)

Middleton & Co. Inc. MA reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 35.3% in the fourth quarter, Holdings Channel reports. The fund owned 20,642 shares of the auto parts company’s stock after selling 11,265 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Aptiv were worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Aptiv by 1,390.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in shares of Aptiv during the 3rd quarter valued at $162,640,000. Point72 Asset Management L.P. bought a new position in shares of Aptiv during the 3rd quarter valued at $143,909,000. FMR LLC grew its holdings in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Oppenheimer raised their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and lifted their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Stock Down 0.4 %

Shares of Aptiv stock opened at $65.05 on Friday. The company has a market cap of $14.93 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company’s 50 day moving average is $62.86 and its 200 day moving average is $63.93. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating 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%. Research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current 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.