Impax Asset Management Group plc Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Impax Asset Management Group plc trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 19.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,765,012 shares of the auto parts company’s stock after selling 1,183,337 shares during the quarter. Aptiv comprises about 1.3% of Impax Asset Management Group plc’s investment portfolio, making the stock its 24th largest holding. Impax Asset Management Group plc owned approximately 2.03% of Aptiv worth $287,846,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of research analysts have issued reports on APTV shares. Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays raised their target price on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $65.00 in a research note on Thursday, January 23rd. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Finally, Raymond James reiterated a “market perform” rating on shares of Aptiv in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv Stock Performance

NYSE APTV opened at $66.65 on Monday. The firm has a market cap 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. 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 business’s 50-day moving average price is $62.02 and its 200 day moving average price is $63.94. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, equities research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

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.