Aptiv PLC (NYSE:APTV) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,631 shares of the auto parts company’s stock after selling 1,993 shares during the period. Palouse Capital Management Inc.’s holdings in Aptiv were worth $945,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in APTV. FMR LLC lifted its stake in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 worth $386,103,000 after purchasing an additional 5,002,090 shares in the last quarter. Franklin Resources Inc. lifted its stake in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 worth $172,117,000 after purchasing an additional 468,069 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in 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 worth $179,189,000 after purchasing an additional 388,045 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APTV has been the topic of a number of recent research reports. TD Cowen cut their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and increased their target price for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. StockNews.com began coverage on Aptiv in a report on Saturday. They issued a “hold” rating on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $73.00 target price on shares of Aptiv in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Price Performance

Shares of NYSE:APTV opened at $67.06 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a market cap of $15.76 billion, a P/E ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a 50-day moving average price of $61.15 and a 200 day moving average price of $64.10.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Research analysts predict that Aptiv PLC will post 7.14 earnings per share 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.