Aptiv PLC (NYSE:APTV) Stake Lessened by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 85.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,981 shares of the auto parts company’s stock after selling 103,351 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Aptiv were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in shares of 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 acquiring an additional 409 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter worth $43,000. CENTRAL TRUST Co raised its holdings in shares of Aptiv by 356.3% during the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock worth $52,000 after acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Aptiv during the third quarter worth $64,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Up 3.7 %

NYSE APTV opened at $65.13 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53. The firm has a 50-day simple moving average of $63.11 and a 200 day simple moving average of $63.81. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The stock has a market cap of $14.94 billion, a PE ratio of 9.47, a PEG ratio of 0.62 and a beta of 1.74.

Aptiv (NYSE:APTV) last released its earnings results 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%. On average, research analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APTV. Piper Sandler upgraded 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. Oppenheimer increased their target price on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays increased their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Evercore ISI lowered their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.61.

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.