Aptiv PLC (NYSE:APTV) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its stake in shares of Aptiv PLC (NYSE:APTV) by 55.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,150 shares of the auto parts company’s stock after selling 13,826 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Aptiv were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. South Dakota Investment Council grew its stake in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares during the period. TCW Group Inc. purchased a new stake in shares of Aptiv in the 4th quarter worth about $871,000. Fisher Funds Management LTD purchased a new stake in shares of Aptiv in the 4th quarter worth about $1,444,000. First Horizon Advisors Inc. boosted its position in shares of Aptiv by 11.4% in the 4th quarter. First Horizon Advisors Inc. now owns 5,160 shares of the auto parts company’s stock worth $312,000 after buying an additional 528 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Aptiv by 123.9% in the 4th quarter. Ieq Capital LLC now owns 13,553 shares of the auto parts company’s stock worth $820,000 after buying an additional 7,501 shares in the last quarter. 94.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on APTV. UBS Group boosted their price objective on shares of Aptiv from $82.00 to $91.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Guggenheim reiterated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research report on Thursday, December 5th. StockNews.com began coverage on shares of Aptiv in a report on Sunday, February 23rd. They issued a “hold” rating on the stock. Finally, Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and upped their target price for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Down 0.4 %

APTV opened at $65.05 on Friday. The firm has a 50 day moving average price of $62.86 and a 200 day moving average price of $63.93. The company has a market cap of $14.93 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. 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 quick ratio of 1.07 and a current ratio of 1.53.

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