Buckingham Capital Management Inc. Decreases Stake in Aptiv PLC (NYSE:APTV)

Buckingham Capital Management Inc. lessened its holdings in Aptiv PLC (NYSE:APTV) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,966 shares of the auto parts company’s stock after selling 1,710 shares during the period. Buckingham Capital Management Inc.’s holdings in Aptiv were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APTV. Brown Brothers Harriman & Co. increased its holdings in Aptiv by 1,410.3% during the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock worth $32,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Aptiv during the 3rd quarter worth approximately $43,000. Brooklyn Investment Group bought a new stake in shares of Aptiv in the 3rd quarter worth approximately $43,000. Hazlett Burt & Watson Inc. raised its holdings in shares of Aptiv by 100.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 351 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares during the last quarter. 94.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APTV. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Oppenheimer lifted their price objective on Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Evercore ISI dropped their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley lowered their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Up 1.0 %

Shares of NYSE APTV opened at $67.06 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.06 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average of $61.15 and a 200-day moving average of $64.04. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 12 month low of $51.47 and a 12 month high of $85.56.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts expect that Aptiv PLC will post 7.14 earnings per share for the current fiscal year.

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.