Aptiv PLC (NYSE:APTV) Stock Position Decreased by RNC Capital Management LLC

RNC Capital Management LLC cut its position in shares of Aptiv PLC (NYSE:APTV) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,771 shares of the auto parts company’s stock after selling 3,239 shares during the period. RNC Capital Management LLC’s holdings in Aptiv were worth $2,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tectonic Advisors LLC raised its stake in shares of Aptiv by 16.5% in the 4th quarter. Tectonic Advisors LLC now owns 9,054 shares of the auto parts company’s stock valued at $812,000 after acquiring an additional 1,282 shares in the last quarter. Tran Capital Management L.P. raised its stake in shares of Aptiv by 5.6% in the 4th quarter. Tran Capital Management L.P. now owns 232,038 shares of the auto parts company’s stock valued at $20,818,000 after acquiring an additional 12,372 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Aptiv by 306.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,095 shares of the auto parts company’s stock valued at $3,956,000 after acquiring an additional 33,245 shares in the last quarter. Douglas Lane & Associates LLC raised its stake in shares of Aptiv by 20.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 378,655 shares of the auto parts company’s stock valued at $33,973,000 after acquiring an additional 65,354 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of Aptiv by 12.1% in the 4th quarter. Financiere des Professionnels Fonds d investissement inc. now owns 117,829 shares of the auto parts company’s stock valued at $10,572,000 after acquiring an additional 12,699 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Aptiv Stock Up 2.7 %

Shares of APTV opened at $78.64 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $80.06 and a two-hundred day moving average price of $85.25. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.02 and a beta of 1.90. Aptiv PLC has a 12 month low of $71.01 and a 12 month high of $113.60.

Aptiv (NYSE:APTV) last posted its earnings results on Wednesday, January 31st. The auto parts company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.29 by $0.11. Aptiv had a return on equity of 13.32% and a net margin of 14.65%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.95 billion. Equities analysts predict that Aptiv PLC will post 5.67 EPS for the current fiscal year.

Analysts Set New Price Targets

APTV has been the topic of a number of recent analyst reports. Guggenheim cut their price objective on Aptiv from $120.00 to $103.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Royal Bank of Canada lowered their target price on Aptiv from $115.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Wells Fargo & Company raised their target price on Aptiv from $79.00 to $84.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Robert W. Baird lowered Aptiv from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $96.00 in a report on Wednesday, January 3rd. Finally, Oppenheimer lowered their target price on Aptiv from $149.00 to $148.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.57.

Insider Transactions at Aptiv

In other Aptiv news, SVP Benjamin Lyon sold 18,680 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $77.69, for a total value of $1,451,249.20. Following the transaction, the senior vice president now directly owns 95,211 shares in the company, valued at $7,396,942.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is owned by insiders.

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.