Ethic Inc. Has $1.51 Million Stake in Aptiv PLC (NYSE:APTV)

Ethic Inc. lowered its stake in Aptiv PLC (NYSE:APTV - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,028 shares of the auto parts company's stock after selling 15,570 shares during the period. Ethic Inc.'s holdings in Aptiv were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its position in shares of Aptiv by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company's stock worth $22,806,000 after buying an additional 3,400 shares during the period. Shorepath Capital Management LLC grew its holdings in Aptiv by 21.8% during the 4th quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company's stock worth $3,998,000 after acquiring an additional 11,835 shares during the period. Oak Thistle LLC bought a new stake in shares of Aptiv during the 4th quarter valued at $865,000. Boston Common Asset Management LLC lifted its stake in shares of Aptiv by 4.8% in the 4th quarter. Boston Common Asset Management LLC now owns 4,110 shares of the auto parts company's stock valued at $249,000 after purchasing an additional 188 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Aptiv by 14.4% in the 4th quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company's stock worth $247,000 after purchasing an additional 515 shares during the last quarter. Institutional investors own 94.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on APTV. Royal Bank of Canada increased their target price on Aptiv from $60.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their price target on shares of Aptiv from $77.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Hsbc Global Res upgraded shares of Aptiv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Barclays upped their target price on shares of Aptiv from $55.00 to $65.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Evercore ISI decreased their price target on shares of Aptiv from $105.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.06.

Aptiv Price Performance

Shares of APTV opened at $66.99 on Tuesday. 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 twelve month low of $47.19 and a twelve month high of $85.35. The stock has a market capitalization of $14.58 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.62 and a beta of 1.44. The company has a 50 day moving average of $58.00 and a 200-day moving average of $59.54.

Aptiv (NYSE:APTV - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. The business had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Aptiv news, SVP Benjamin Lyon sold 14,568 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.50, for a total transaction of $954,204.00. Following the transaction, the senior vice president now owns 125,237 shares of the company's stock, valued at $8,203,023.50. The trade was a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is currently owned by corporate insiders.

Aptiv Company 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.

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