BDF Gestion Reduces Holdings in Aptiv PLC (NYSE:APTV)

BDF Gestion cut its holdings in Aptiv PLC (NYSE:APTV) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,699 shares of the auto parts company’s stock after selling 852 shares during the period. BDF Gestion’s holdings in Aptiv were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in APTV. Washington Capital Management Inc. purchased a new position in Aptiv during the fourth quarter worth about $336,000. Swedbank AB boosted its position in shares of Aptiv by 14.7% during the 4th quarter. Swedbank AB now owns 192,429 shares of the auto parts company’s stock worth $11,638,000 after purchasing an additional 24,666 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Aptiv by 538.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 147,974 shares of the auto parts company’s stock valued at $8,949,000 after purchasing an additional 124,813 shares during the last quarter. Pacer Advisors Inc. raised its position in Aptiv by 19.3% in the fourth quarter. Pacer Advisors Inc. now owns 34,808 shares of the auto parts company’s stock valued at $2,105,000 after purchasing an additional 5,623 shares during the period. Finally, KBC Group NV lifted its stake in Aptiv by 8.9% during the fourth quarter. KBC Group NV now owns 79,558 shares of the auto parts company’s stock worth $4,812,000 after purchasing an additional 6,488 shares in the last quarter. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APTV shares. Oppenheimer dropped their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Piper Sandler raised Aptiv from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $53.00 to $65.00 in a research report on Thursday, January 23rd. Guggenheim reissued a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Baird R W upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company increased their target price on shares of Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.47.

Aptiv Stock Up 0.3 %

Shares of NYSE:APTV opened at $62.88 on Friday. The firm has a 50 day simple moving average of $59.25 and a 200-day simple moving average of $64.59. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $88.89. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $14.78 billion, a PE ratio of 7.02, a P/E/G ratio of 0.56 and a beta of 1.75.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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 net margin of 12.29% and a return on equity of 14.51%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Aptiv’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.