Aptiv PLC (NYSE:APTV) Stock Position Decreased by Truist Financial Corp

Truist Financial Corp reduced its stake in Aptiv PLC (NYSE:APTV) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,560 shares of the auto parts company’s stock after selling 8,210 shares during the period. Truist Financial Corp’s holdings in Aptiv were worth $1,727,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Sanctuary Advisors LLC increased its stake in shares of Aptiv by 42.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,760 shares of the auto parts company’s stock valued at $803,000 after purchasing an additional 3,796 shares during the period. Financiere des Professionnels Fonds d investissement inc. increased its position in Aptiv by 9.7% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 167,175 shares of the auto parts company’s stock valued at $10,111,000 after acquiring an additional 14,715 shares during the period. Secured Retirement Advisors LLC raised its stake in Aptiv by 46.1% during the 4th quarter. Secured Retirement Advisors LLC now owns 20,301 shares of the auto parts company’s stock valued at $1,228,000 after acquiring an additional 6,406 shares in the last quarter. Banque Pictet & Cie SA boosted its position in Aptiv by 91.5% during the 4th quarter. Banque Pictet & Cie SA now owns 115,925 shares of the auto parts company’s stock worth $7,011,000 after acquiring an additional 55,400 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in shares of Aptiv by 21.2% in the fourth quarter. V Square Quantitative Management LLC now owns 10,541 shares of the auto parts company’s stock worth $638,000 after purchasing an additional 1,847 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Down 1.3 %

Aptiv stock opened at $65.37 on Friday. The company has a market capitalization of $15.00 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.62 and a beta of 1.74. The firm’s fifty day simple moving average is $62.73 and its 200-day simple moving average is $63.95. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on APTV shares. TD Cowen dropped their price target on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Argus raised Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. HSBC raised Aptiv from a “hold” rating to a “buy” rating and lifted their target price for the stock from $63.00 to $77.00 in a report on Tuesday, February 4th. Morgan Stanley cut their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. One equities 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 company. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and an average 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.