US Bancorp DE Reduces Stock Position in Aptiv PLC (NYSE:APTV)

US Bancorp DE cut its stake in Aptiv PLC (NYSE:APTV) by 61.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,064 shares of the auto parts company’s stock after selling 300,254 shares during the period. US Bancorp DE owned approximately 0.08% of Aptiv worth $11,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. South Dakota Investment Council grew its position in Aptiv by 32.9% in the fourth quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after acquiring an additional 31,941 shares during the period. Proactive Wealth Strategies LLC purchased a new position in Aptiv in the third quarter worth approximately $1,815,000. Focus Financial Network Inc. purchased a new position in Aptiv in the fourth quarter worth approximately $379,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Aptiv in the third quarter worth approximately $14,893,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Down 1.7 %

Aptiv stock opened at $64.04 on Tuesday. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The stock has a market cap of $14.69 billion, a PE ratio of 9.31, a P/E/G ratio of 0.62 and a beta of 1.74. The stock’s fifty day moving average is $62.95 and its two-hundred day moving average is $63.85.

Aptiv (NYSE:APTV) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. On average, sell-side analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. Barclays upped their price target on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $75.00 to $82.00 in a research note on Monday, January 27th. Oppenheimer upped their price target on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Evercore ISI decreased their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. One 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 stock. According to data from MarketBeat, Aptiv has an average rating of “Moderate Buy” and an average price target 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.