Janney Montgomery Scott LLC Trims Stock Position in Aptiv PLC (NYSE:APTV)

Janney Montgomery Scott LLC reduced its stake in Aptiv PLC (NYSE:APTV) by 61.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,676 shares of the auto parts company’s stock after selling 18,532 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Aptiv were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APTV. Wolff Wiese Magana LLC increased its stake in shares of Aptiv by 44.3% during the third quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 155 shares during the period. Mather Group LLC. lifted its holdings in shares of Aptiv by 36.9% in the 3rd quarter. Mather Group LLC. now owns 653 shares of the auto parts company’s stock valued at $47,000 after buying an additional 176 shares during the period. Farther Finance Advisors LLC raised its position in Aptiv by 16.8% in the third quarter. Farther Finance Advisors LLC now owns 1,225 shares of the auto parts company’s stock worth $88,000 after acquiring an additional 176 shares in the last quarter. Boston Common Asset Management LLC boosted its position in shares of Aptiv by 4.8% during the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company’s stock worth $249,000 after purchasing an additional 188 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Aptiv by 4.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,632 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on APTV shares. Hsbc Global Res raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Guggenheim restated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. Barclays lifted their price objective on Aptiv from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer upped their target price on Aptiv from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday. Finally, HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their price target for the stock from $63.00 to $77.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Aptiv currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.72.

Aptiv Stock Up 1.0 %

Shares of NYSE:APTV opened at $64.09 on Friday. The stock has a 50-day simple moving average of $60.06 and a 200-day simple moving average of $64.24. The stock has a market capitalization of $15.06 billion, a P/E ratio of 7.15, a PEG ratio of 0.55 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 0.91, a quick ratio of 1.06 and a current ratio of 1.50.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Equities analysts forecast that Aptiv PLC will post 6.18 earnings per share for the current 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.