Ninety One UK Ltd Trims Stake in Aptiv PLC (NYSE:APTV)

Ninety One UK Ltd lessened its position in Aptiv PLC (NYSE:APTV) by 12.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,808,102 shares of the auto parts company’s stock after selling 259,717 shares during the quarter. Ninety One UK Ltd’s holdings in Aptiv were worth $109,354,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv in the 3rd quarter worth approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after acquiring an additional 47,215 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Aptiv in the third quarter worth $14,893,000. Shorepath Capital Management LLC increased its holdings in shares of Aptiv by 21.8% during the fourth quarter. Shorepath Capital Management LLC now owns 66,104 shares of the auto parts company’s stock valued at $3,998,000 after acquiring an additional 11,835 shares in the last quarter. Finally, National Pension Service raised its position in shares of Aptiv by 16.6% in the 3rd quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after purchasing an additional 71,633 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

Aptiv Trading Up 1.2 %

Shares of Aptiv stock opened at $61.40 on Wednesday. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56. The company’s fifty day simple moving average is $59.67 and its 200-day simple moving average is $64.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock has a market capitalization of $14.43 billion, a PE ratio of 6.85, a P/E/G ratio of 0.55 and a beta of 1.74.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Guggenheim reissued a “buy” rating and set a $73.00 price target on shares of Aptiv in a research report on Thursday, December 5th. Raymond James reaffirmed a “market perform” rating on shares of Aptiv in a research report on Monday. Morgan Stanley reduced their target price on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, November 14th. Finally, Barclays lowered their price target on Aptiv from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.