Envestnet Portfolio Solutions Inc. Decreases Stake in Aptiv PLC (NYSE:APTV)

Envestnet Portfolio Solutions Inc. lowered its position in Aptiv PLC (NYSE:APTV - Free Report) by 44.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,426 shares of the auto parts company's stock after selling 13,022 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Aptiv were worth $977,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APTV. Massachusetts Financial Services Co. MA increased its position in Aptiv by 11.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,289,126 shares of the auto parts company's stock valued at $864,206,000 after buying an additional 1,517,104 shares in the last quarter. FMR LLC boosted its holdings in Aptiv by 1.7% during the fourth quarter. FMR LLC now owns 7,775,251 shares of the auto parts company's stock worth $470,247,000 after buying an additional 126,882 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Aptiv by 29.7% in the fourth quarter. Franklin Resources Inc. now owns 6,146,947 shares of the auto parts company's stock valued at $371,767,000 after buying an additional 1,408,433 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Aptiv by 6.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,882,254 shares of the auto parts company's stock valued at $234,799,000 after buying an additional 223,831 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Aptiv by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,724,091 shares of the auto parts company's stock worth $168,619,000 after purchasing an additional 552,066 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company's stock.

Aptiv Trading Down 1.5%

Shares of APTV stock traded down $1.04 during mid-day trading on Wednesday, hitting $67.41. 2,016,782 shares of the company's stock were exchanged, compared to its average volume of 3,464,544. The stock has a 50-day simple moving average of $63.41 and a two-hundred day simple moving average of $61.87. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 0.83. Aptiv PLC has a fifty-two week low of $47.19 and a fifty-two week high of $80.95. The stock has a market cap of $14.68 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.74 and a beta of 1.47.

Aptiv (NYSE:APTV - Get Free Report) last issued 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. The firm had revenue of $4.83 billion for the quarter, compared to analysts' expectations of $4.78 billion. Aptiv had a return on equity of 17.24% and a net margin of 7.93%. The firm's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 earnings per share. Equities analysts expect that Aptiv PLC will post 7.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen raised Aptiv to a "hold" rating in a research report on Saturday. Royal Bank Of Canada upped their price target on Aptiv from $60.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. UBS Group lifted their price objective on shares of Aptiv from $58.00 to $66.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Morgan Stanley dropped their price target on shares of Aptiv from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Finally, Robert W. Baird decreased their target price on Aptiv from $84.00 to $65.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Aptiv presently has an average rating of "Moderate Buy" and an average target price of $81.56.

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.