Aptiv PLC (NYSE:APTV) Stock Holdings Trimmed by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. reduced its stake in Aptiv PLC (NYSE:APTV) by 85.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,981 shares of the auto parts company’s stock after selling 103,351 shares during the period. Washington Trust Advisors Inc.’s holdings in Aptiv were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new position in Aptiv in the third quarter valued at approximately $43,000. Brooklyn Investment Group acquired a new position in Aptiv in the third quarter valued at approximately $43,000. CENTRAL TRUST Co boosted its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after acquiring an additional 677 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Aptiv during the third quarter worth approximately $64,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APTV has been the subject of several analyst reports. Argus upgraded Aptiv to a “strong-buy” rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and set a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. Baird R W upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Finally, Piper Sandler upgraded Aptiv from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $53.00 to $65.00 in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

Aptiv Price Performance

Shares of NYSE:APTV opened at $65.13 on Thursday. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The stock has a fifty day moving average of $63.11 and a 200-day moving average of $63.81. The company has a market capitalization of $14.94 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

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 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%. As a group, equities analysts anticipate that Aptiv PLC will post 7.2 EPS for the current fiscal year.

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.