Aptiv PLC (NYSE:APTV) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. trimmed its stake in shares of Aptiv PLC (NYSE:APTV) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,880 shares of the auto parts company’s stock after selling 18,503 shares during the quarter. Aptiv comprises 3.5% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 11th largest position. Gibraltar Capital Management Inc. owned approximately 0.06% of Aptiv worth $7,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in APTV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Aptiv by 1,390.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after buying an additional 5,002,090 shares during the period. Harris Associates L P acquired a new stake in shares of Aptiv during the third quarter worth approximately $162,640,000. Point72 Asset Management L.P. bought a new stake in shares of Aptiv in the 3rd quarter valued at approximately $143,909,000. FMR LLC raised its position in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Aptiv by 29.9% during the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after acquiring an additional 1,090,766 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Down 0.2 %

APTV opened at $66.69 on Wednesday. The stock has a market cap of $15.30 billion, a PE ratio of 9.69, a PEG ratio of 0.62 and a beta of 1.74. The business has a 50 day moving average of $62.37 and a 200-day moving average of $63.92. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. 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 (NYSE:APTV) last issued its quarterly earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Equities research analysts predict that Aptiv PLC will post 7.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on APTV shares. Wells Fargo & Company increased their price objective on Aptiv from $76.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Argus upgraded Aptiv to a “strong-buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada lifted their target price on Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

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.