Aptiv PLC (NYSE:APTV) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in Aptiv PLC (NYSE:APTV) by 30.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,468 shares of the auto parts company’s stock after selling 3,294 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Aptiv were worth $452,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management bought a new stake in shares of Aptiv during the fourth quarter valued at about $37,000. GeoWealth Management LLC increased its stake in Aptiv by 203.2% during the 4th quarter. GeoWealth Management LLC now owns 1,525 shares of the auto parts company’s stock valued at $92,000 after buying an additional 1,022 shares during the period. Quarry LP acquired a new position in Aptiv during the 4th quarter valued at about $105,000. Covestor Ltd raised its position in shares of Aptiv by 11.4% during the 4th quarter. Covestor Ltd now owns 1,819 shares of the auto parts company’s stock worth $110,000 after buying an additional 186 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its stake in shares of Aptiv by 163.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,847 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 1,145 shares during the period. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APTV shares. Royal Bank of Canada raised their price objective on shares of Aptiv from $60.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Guggenheim cut Aptiv from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 4th. Wall Street Zen assumed coverage on Aptiv in a research note on Thursday, May 22nd. They issued a “hold” rating on the stock. Wells Fargo & Company raised their target price on Aptiv from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Finally, TD Cowen started coverage on shares of Aptiv in a research report on Friday, March 7th. They issued a “buy” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.50.

Aptiv Stock Down 0.8%

NYSE:APTV opened at $69.64 on Friday. The business’s fifty day moving average price is $60.70 and its 200 day moving average price is $61.19. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.62 and a beta of 1.47. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 1-year low of $47.19 and a 1-year high of $80.95.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. On average, sell-side analysts forecast that Aptiv PLC will post 7.2 earnings per share for the current fiscal 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.