Aptiv PLC (NYSE:APTV) Shares Sold by MMCAP International Inc. SPC

MMCAP International Inc. SPC reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 58.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the auto parts company’s stock after selling 20,800 shares during the period. MMCAP International Inc. SPC’s holdings in Aptiv were worth $907,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APTV. Illinois Municipal Retirement Fund lifted its position in Aptiv by 30.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 38,189 shares of the auto parts company’s stock valued at $2,310,000 after purchasing an additional 8,863 shares during the period. RWC Asset Management LLP acquired a new position in Aptiv during the fourth quarter valued at $2,204,000. South Dakota Investment Council lifted its position in Aptiv by 32.9% during the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock valued at $7,799,000 after purchasing an additional 31,941 shares during the period. TCW Group Inc. acquired a new position in Aptiv during the fourth quarter valued at $871,000. Finally, Fisher Funds Management LTD acquired a new position in Aptiv during the fourth quarter valued at $1,444,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on APTV shares. Morgan Stanley decreased their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. TD Cowen decreased their price objective on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Barclays upped their price objective 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 upped their price objective 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, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Down 0.2 %

APTV opened at $66.69 on Wednesday. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $62.37 and a 200 day moving average price of $63.92. The company has a market cap of $15.30 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74.

Aptiv (NYSE:APTV) last released 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%. Sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.