Perpetual Ltd Has $27.63 Million Stock Holdings in Aptiv PLC (NYSE:APTV)

Perpetual Ltd lowered its position in shares of Aptiv PLC (NYSE:APTV) by 3.6% in the fourth quarter, HoldingsChannel reports. The fund owned 456,778 shares of the auto parts company’s stock after selling 17,107 shares during the period. Perpetual Ltd’s holdings in Aptiv were worth $27,626,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of Aptiv by 20.4% in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% during the 3rd 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 worth $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Aptiv by 18.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock valued at $179,189,000 after buying an additional 388,045 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Aptiv by 4.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,386,232 shares of the auto parts company’s stock valued at $171,833,000 after buying an additional 108,626 shares in the last quarter. 94.21% of the stock is owned by institutional investors.

Aptiv Stock Performance

NYSE APTV opened at $61.19 on Tuesday. The firm has a 50-day moving average price of $57.85 and a two-hundred day moving average price of $64.98. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $88.89. The company has a market capitalization of $14.38 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.54 and a beta of 1.75. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. Analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on APTV shares. StockNews.com initiated coverage on shares of Aptiv in a research report on Tuesday, January 14th. They set a “hold” rating on the stock. Oppenheimer cut their target price on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. 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. Finally, Royal Bank of Canada decreased their target price on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $84.29.

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.