Aptiv PLC (NYSE:APTV) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Aptiv PLC (NYSE:APTV) by 44.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 16,426 shares of the auto parts company’s stock after selling 13,022 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Aptiv were worth $977,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APTV. Massachusetts Financial Services Co. MA boosted its stake in shares of Aptiv by 11.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company’s stock valued at $864,206,000 after acquiring an additional 1,517,104 shares during the last quarter. FMR LLC boosted its stake in shares of Aptiv by 1.7% during the 4th quarter. FMR LLC now owns 7,775,251 shares of the auto parts company’s stock worth $470,247,000 after purchasing an additional 126,882 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Aptiv by 29.7% during the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company’s stock worth $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Aptiv by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company’s stock valued at $234,799,000 after buying an additional 223,831 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Aptiv by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company’s stock valued at $168,619,000 after buying an additional 552,066 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $68.34 on Wednesday. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.74 and a beta of 1.47. Aptiv PLC has a one year low of $47.19 and a one year high of $80.95. The company’s 50-day simple moving average is $63.41 and its 200-day simple moving average is $61.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.11 and a current ratio of 1.61.

Aptiv (NYSE:APTV) last issued its earnings results on Thursday, May 1st. The auto parts company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Equities analysts anticipate that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APTV shares. Wells Fargo & Company upped 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. Royal Bank Of Canada upped 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. Morgan Stanley decreased their target price on shares of Aptiv from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, May 19th. Bank of America boosted their target price on shares of Aptiv from $80.00 to $85.00 and gave the company a “buy” rating in a report on Monday, June 16th. Finally, Guggenheim downgraded shares of Aptiv from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.56.

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.