William Blair Investment Management LLC Sells 3,282 Shares of Aptiv PLC (NYSE:APTV)

William Blair Investment Management LLC lowered its position in Aptiv PLC (NYSE:APTV) by 35.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,935 shares of the auto parts company’s stock after selling 3,282 shares during the quarter. William Blair Investment Management LLC’s holdings in Aptiv were worth $418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC bought a new position in Aptiv in the 4th quarter worth about $316,000. Jump Financial LLC purchased a new position in shares of Aptiv during the fourth quarter worth about $781,000. Janney Montgomery Scott LLC increased its position in shares of Aptiv by 56.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,099 shares of the auto parts company’s stock worth $3,149,000 after purchasing an additional 12,682 shares during the last quarter. Financial Advocates Investment Management raised its stake in Aptiv by 5.9% in the fourth quarter. Financial Advocates Investment Management now owns 2,356 shares of the auto parts company’s stock valued at $211,000 after purchasing an additional 132 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Aptiv by 25.1% during the fourth quarter. Brown Advisory Inc. now owns 46,056 shares of the auto parts company’s stock valued at $4,132,000 after purchasing an additional 9,234 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Aptiv from $118.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wells Fargo & Company dropped their price target on Aptiv from $82.00 to $78.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. Citigroup reduced their price objective on Aptiv from $128.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Wolfe Research started coverage on Aptiv in a research report on Thursday, September 5th. They issued an “outperform” rating and a $89.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Aptiv from $85.00 to $87.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.88.

Aptiv Trading Down 0.2 %

APTV opened at $68.79 on Tuesday. The firm has a market capitalization of $18.72 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.60 and a beta of 1.79. Aptiv PLC has a one year low of $63.62 and a one year high of $104.72. The business has a 50 day simple moving average of $69.60 and a two-hundred day simple moving average of $74.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.49 and a quick ratio of 1.09.

Aptiv (NYSE:APTV) last announced its quarterly earnings results on Thursday, August 1st. The auto parts company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $5.05 billion during the quarter, compared to analyst estimates of $5.30 billion. Aptiv had a return on equity of 13.19% and a net margin of 18.46%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. Analysts predict that Aptiv PLC will post 6.28 EPS 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.