Y Intercept Hong Kong Ltd Reduces Holdings in Aptiv PLC (NYSE:APTV)

Y Intercept Hong Kong Ltd lowered its position in shares of Aptiv PLC (NYSE:APTV) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,150 shares of the auto parts company’s stock after selling 13,826 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Aptiv were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Aptiv by 20.4% during the third 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Aptiv by 1,390.6% during the third 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 valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% during the third 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 period. Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 19.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Aptiv by 18.5% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after purchasing an additional 388,045 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV opened at $65.05 on Friday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. 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 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 fifty day moving average of $62.86 and a 200-day moving average of $63.93.

Aptiv (NYSE:APTV) last announced its quarterly earnings results 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 net margin of 9.07% and a return on equity of 15.63%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APTV. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Friday, February 7th. Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. StockNews.com began coverage on shares of Aptiv in a research report on Sunday, February 23rd. They set a “hold” rating for the company. Finally, HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their price target for the stock from $63.00 to $77.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.