QRG Capital Management Inc. Sells 1,626 Shares of Aptiv PLC (NYSE:APTV)

QRG Capital Management Inc. cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,441 shares of the auto parts company’s stock after selling 1,626 shares during the period. QRG Capital Management Inc.’s holdings in Aptiv were worth $873,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. South Dakota Investment Council raised its holdings in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the 3rd quarter worth approximately $1,815,000. Focus Financial Network Inc. purchased a new stake in Aptiv during the fourth quarter valued at approximately $379,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 acquiring an additional 47,215 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Aptiv in the third quarter worth $14,893,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Price Performance

Aptiv stock opened at $64.04 on Tuesday. 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 PLC has a 52-week low of $51.47 and a 52-week high of $85.56. The firm has a market cap of $14.69 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company’s 50 day moving average is $62.95 and its two-hundred day moving average is $63.85.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, research analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Barclays lifted their price objective on shares of Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Oppenheimer increased their price objective on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James restated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Finally, Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

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.