Ellis Investment Partners LLC Cuts Stock Position in Aptiv PLC (NYSE:APTV)

Ellis Investment Partners LLC lowered its holdings in Aptiv PLC (NYSE:APTV) by 72.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,259 shares of the auto parts company’s stock after selling 11,367 shares during the period. Ellis Investment Partners LLC’s holdings in Aptiv were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Aptiv by 1,390.6% in the third 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 last quarter. Harris Associates L P purchased a new position in Aptiv in the third quarter worth $162,640,000. Point72 Asset Management L.P. purchased a new position in Aptiv in the third quarter worth $143,909,000. FMR LLC boosted its position in Aptiv by 20.4% in the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Aptiv by 29.9% in the third 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 last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Price Performance

Shares of NYSE APTV opened at $67.06 on Monday. The firm has a market capitalization of $15.76 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.54 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock’s 50-day simple moving average is $61.15 and its two-hundred day simple moving average is $64.08. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $85.56.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Aptiv PLC will post 7.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Friday, February 7th. Robert W. Baird raised Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the company from $75.00 to $82.00 in a research report on Monday, January 27th. UBS Group upped their price target on Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv 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.