Aptiv PLC (NYSE:APTV) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in Aptiv PLC (NYSE:APTV) by 30.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,468 shares of the auto parts company’s stock after selling 3,294 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Aptiv were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. South Dakota Investment Council raised its stake in Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after acquiring an additional 31,941 shares during the last quarter. Focus Financial Network Inc. acquired a new stake in Aptiv in the fourth quarter valued at about $379,000. Diametric Capital LP purchased a new stake in Aptiv in the 4th quarter valued at approximately $972,000. Asset Management One Co. Ltd. increased its position in Aptiv by 0.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 101,901 shares of the auto parts company’s stock worth $6,149,000 after purchasing an additional 475 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Aptiv by 8.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 474,151 shares of the auto parts company’s stock worth $28,700,000 after buying an additional 35,426 shares in the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Aptiv from $60.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Barclays boosted their price objective on shares of Aptiv from $55.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. TD Cowen began coverage on shares of Aptiv in a report on Friday, March 7th. They issued a “buy” rating and a $90.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Aptiv from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 19th. Finally, Morgan Stanley dropped their price objective on Aptiv from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.50.

Aptiv Price Performance

Shares of NYSE:APTV opened at $69.64 on Friday. The company has a market cap of $15.16 billion, a PE ratio of 10.12, a P/E/G ratio of 0.62 and a beta of 1.47. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The firm has a 50-day simple moving average of $60.70 and a 200 day simple moving average of $61.19. 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 posted its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. On average, sell-side analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

Aptiv 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.