Principal Securities Inc. Cuts Position in Aptiv PLC (NYSE:APTV)

Principal Securities Inc. cut its holdings in Aptiv PLC (NYSE:APTV) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,338 shares of the auto parts company’s stock after selling 11,632 shares during the period. Principal Securities Inc.’s holdings in Aptiv were worth $867,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the third quarter valued at about $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Aptiv by 73.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Aptiv during the third quarter valued at about $14,893,000. Shorepath Capital Management LLC raised its stake in Aptiv by 21.8% in the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock worth $3,998,000 after buying an additional 11,835 shares in the last quarter. Finally, National Pension Service raised its stake in Aptiv by 16.6% in the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after buying an additional 71,633 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on APTV shares. Morgan Stanley decreased their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com initiated coverage on shares of Aptiv in a report on Saturday, February 15th. They issued a “hold” rating on the stock. Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, HSBC upgraded shares of Aptiv from a “hold” rating to a “buy” rating and upped their price objective for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Up 1.4 %

Shares of APTV stock opened at $67.59 on Friday. The company’s fifty day simple moving average is $61.67 and its two-hundred day simple moving average is $64.00. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a quick ratio of 1.07, a current ratio of 1.53 and a debt-to-equity ratio of 0.87. The stock has a market cap of $15.51 billion, a P/E ratio of 9.82, a PEG ratio of 0.62 and a beta of 1.74.

Aptiv (NYSE:APTV) last posted its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Analysts predict that Aptiv PLC will post 7.2 EPS for the current fiscal year.

About Aptiv

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.