Envestnet Portfolio Solutions Inc. reduced its stake in shares of Aptiv PLC (NYSE:APTV – Free Report) by 65.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,742 shares of the auto parts company’s stock after selling 11,081 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Aptiv were worth $437,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of Aptiv by 1,036.0% in the third quarter. Truist Financial Corp now owns 396,443 shares of the auto parts company’s stock valued at $34,181,000 after purchasing an additional 361,546 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Aptiv by 34.2% in the fourth quarter. Nordea Investment Management AB now owns 4,579,726 shares of the auto parts company’s stock valued at $349,067,000 after purchasing an additional 1,167,946 shares during the last quarter. Thematics Asset Management raised its holdings in shares of Aptiv by 56.9% in the third quarter. Thematics Asset Management now owns 261,454 shares of the auto parts company’s stock valued at $22,543,000 after purchasing an additional 94,782 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Aptiv in the third quarter valued at approximately $297,917,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Aptiv by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,545,257 shares of the auto parts company’s stock valued at $219,443,000 after purchasing an additional 65,546 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors and hedge funds.
Aptiv Trading Up 5.2%
APTV stock opened at $61.81 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.11 and a quick ratio of 1.57. The company has a fifty day moving average price of $60.78 and a two-hundred day moving average price of $72.06. Aptiv PLC has a one year low of $51.68 and a one year high of $88.93. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.42.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Aptiv in a report on Wednesday, March 4th. They issued a “buy” rating on the stock. Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Morgan Stanley raised shares of Aptiv from an “equal weight” rating to an “overweight” rating and set a $71.00 target price for the company in a research note on Friday, May 8th. Wolfe Research raised shares of Aptiv from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, March 6th. Finally, Argus decreased their target price on shares of Aptiv from $99.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.85.
Check Out Our Latest Research Report on Aptiv
About Aptiv
Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.
Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.
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