Yousif Capital Management LLC Has $1.86 Million Holdings in Aptiv PLC (NYSE:APTV)

Yousif Capital Management LLC decreased its stake in shares of Aptiv PLC (NYSE:APTV) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,185 shares of the auto parts company’s stock after selling 1,535 shares during the period. Yousif Capital Management LLC’s holdings in Aptiv were worth $1,856,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pallas Capital Advisors LLC bought a new position in Aptiv during the 1st quarter worth about $202,000. Farther Finance Advisors LLC boosted its position in shares of Aptiv by 139.7% during the first quarter. Farther Finance Advisors LLC now owns 2,558 shares of the auto parts company’s stock worth $151,000 after buying an additional 1,491 shares during the period. Park Avenue Securities LLC bought a new position in shares of Aptiv during the first quarter worth about $397,000. Washington Capital Management Inc. raised its position in Aptiv by 139.2% in the 1st quarter. Washington Capital Management Inc. now owns 13,275 shares of the auto parts company’s stock valued at $790,000 after buying an additional 7,725 shares during the last quarter. Finally, UMB Bank n.a. bought a new stake in Aptiv in the 1st quarter valued at approximately $48,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APTV. Piper Sandler set a $70.00 price target on shares of Aptiv and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Robert W. Baird reduced their target price on shares of Aptiv from $84.00 to $65.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Morgan Stanley lowered their price target on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, May 19th. Guggenheim cut shares of Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company raised their price objective on Aptiv from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.50.

Aptiv Stock Down 3.7%

APTV stock opened at $67.13 on Monday. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95. The business’s 50 day simple moving average is $61.06 and its 200 day simple moving average is $61.35. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $14.62 billion, a PE ratio of 9.76, a PEG ratio of 0.62 and a beta of 1.47.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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 firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.78 billion. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, research analysts anticipate that Aptiv PLC will post 7.2 EPS for the current year.

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.