Forvis Mazars Wealth Advisors LLC Decreases Position in Aptiv PLC (NYSE:APTV)

Forvis Mazars Wealth Advisors LLC decreased its holdings in Aptiv PLC (NYSE:APTV) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,368 shares of the auto parts company’s stock after selling 5,146 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Aptiv were worth $2,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. raised its holdings in shares of Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Aptiv in the 3rd quarter valued at $43,000. Brooklyn Investment Group purchased a new position in Aptiv in the 3rd quarter worth $43,000. Hazlett Burt & Watson Inc. lifted its position in Aptiv by 100.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 351 shares during the period. Finally, CENTRAL TRUST Co grew its stake in Aptiv by 356.3% during the 4th quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Price Performance

Aptiv stock opened at $66.65 on Monday. 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 company’s fifty day moving average price is $62.02 and its 200 day moving average price is $63.94. The stock has a market capitalization of $15.29 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.63 and a beta of 1.74. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56.

Aptiv (NYSE:APTV) last announced its 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 research analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APTV shares. Morgan Stanley reduced their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Raymond James reissued a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. Argus raised shares of Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Barclays raised their target price on shares of Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One 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.com, Aptiv has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Company 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.