John G Ullman & Associates Inc. Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

John G Ullman & Associates Inc. trimmed its position in shares of Aptiv PLC (NYSE:APTV) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,650 shares of the auto parts company’s stock after selling 4,200 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Aptiv were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its holdings in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Aptiv by 1,390.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock worth $386,103,000 after purchasing an additional 5,002,090 shares during the period. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock worth $172,117,000 after purchasing an additional 468,069 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Aptiv by 18.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the period. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Down 0.4 %

Shares of NYSE APTV opened at $65.05 on Friday. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $14.93 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.62 and a beta of 1.74. The business has a 50-day moving average of $62.86 and a 200-day moving average of $63.90.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 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%. Sell-side analysts expect that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Evercore ISI lowered their target price on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Oppenheimer lifted their target price on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com started coverage on Aptiv in a research note on Sunday, February 23rd. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.61.

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.