Summit Trail Advisors LLC Has $206,000 Stake in Aptiv PLC (NYSE:APTV)

Summit Trail Advisors LLC lowered its stake in Aptiv PLC (NYSE:APTV) by 20.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,408 shares of the auto parts company’s stock after selling 868 shares during the period. Summit Trail Advisors LLC’s holdings in Aptiv were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Aptiv by 1,390.6% in 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 valued at $386,103,000 after acquiring an additional 5,002,090 shares in the last quarter. Harris Associates L P bought a new position in shares of Aptiv in the third quarter valued at approximately $162,640,000. Point72 Asset Management L.P. acquired a new stake in shares of Aptiv in the third quarter worth $143,909,000. FMR LLC lifted its stake 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 worth $550,759,000 after buying an additional 1,294,670 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings 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 buying an additional 1,090,766 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APTV shares. JPMorgan Chase & Co. boosted their target price on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Barclays increased their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Evercore ISI dropped their price target on Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday. Morgan Stanley reduced 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, Guggenheim restated a “buy” rating and issued a $73.00 price objective on shares of Aptiv in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Trading Up 1.3 %

APTV stock opened at $65.48 on Thursday. 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 firm has a market cap of $15.39 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.54 and a beta of 1.74. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The business’s 50 day moving average is $60.57 and its 200-day moving average is $64.09.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a return on equity of 15.63% and a net margin of 9.07%. Equities analysts anticipate that Aptiv PLC will post 7.14 earnings per share 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.