1834 Investment Advisors Co. Reduces Stock Holdings in Aptiv PLC (NYSE:APTV)

1834 Investment Advisors Co. cut its holdings in Aptiv PLC (NYSE:APTV) by 26.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,312 shares of the auto parts company’s stock after selling 1,171 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Aptiv were worth $200,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. raised its position in shares of Aptiv by 1,410.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 409 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Aptiv by 44.3% in the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Aptiv during the third quarter worth $43,000. Brooklyn Investment Group purchased a new stake in shares of Aptiv during the third quarter valued at $43,000. Finally, Mather Group LLC. increased its position in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analyst Ratings Changes

APTV has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Royal Bank of Canada dropped their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Guggenheim reissued a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. StockNews.com initiated coverage on shares of Aptiv in a report on Wednesday, January 22nd. They issued a “hold” rating on the stock. Finally, Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $65.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.06.

Aptiv Stock Performance

Shares of APTV stock opened at $63.40 on Monday. The company has a market capitalization of $14.90 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.56 and a beta of 1.75. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $88.89. The business’s 50 day moving average is $58.60 and its two-hundred day moving average is $64.76. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 EPS. Analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal 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.