Flputnam Investment Management Co. Cuts Holdings in Aptiv PLC (NYSE:APTV)

Flputnam Investment Management Co. decreased its position in shares of Aptiv PLC (NYSE:APTV) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,763 shares of the auto parts company’s stock after selling 19,919 shares during the period. Flputnam Investment Management Co.’s holdings in Aptiv were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Aptiv during the fourth quarter valued at about $4,181,000. Mn Services Vermogensbeheer B.V. grew its position in shares of Aptiv by 1.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 110,400 shares of the auto parts company’s stock valued at $6,677,000 after purchasing an additional 1,900 shares in the last quarter. Bryn Mawr Capital Management LLC grew its position in shares of Aptiv by 16.7% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 6,269 shares of the auto parts company’s stock valued at $379,000 after purchasing an additional 898 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Aptiv by 30.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 38,189 shares of the auto parts company’s stock valued at $2,310,000 after acquiring an additional 8,863 shares during the last quarter. Finally, RWC Asset Management LLP bought a new position in shares of Aptiv in the 4th quarter valued at about $2,204,000. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of APTV stock opened at $65.05 on Monday. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 0.62 and a beta of 1.74. The company’s 50 day moving average is $62.86 and its 200 day moving average is $63.88. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $85.56.

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

Analyst Ratings Changes

APTV has been the subject of a number of analyst reports. UBS Group increased their price target on shares of Aptiv from $82.00 to $91.00 and gave the company a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company increased their price target on shares of Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, February 7th. Finally, StockNews.com started coverage on shares of Aptiv in a research note on Monday. They issued a “hold” rating for the company. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.