Ninety One UK Ltd Sells 259,717 Shares of Aptiv PLC (NYSE:APTV)

Ninety One UK Ltd lowered its stake in shares of Aptiv PLC (NYSE:APTV) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,808,102 shares of the auto parts company’s stock after selling 259,717 shares during the period. Ninety One UK Ltd owned 0.77% of Aptiv worth $109,354,000 at the end of the most recent reporting period.

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

Aptiv Price Performance

Shares of Aptiv stock opened at $61.40 on Wednesday. The business has a 50 day moving average of $59.67 and a 200 day moving average of $64.32. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $85.56. The company has a market cap of $14.43 billion, a PE ratio of 6.85, a P/E/G ratio of 0.55 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Baird R W raised Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. Robert W. Baird upgraded Aptiv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $82.00 in a research report on Monday, January 27th. StockNews.com assumed coverage on shares of Aptiv in a research report on Thursday, January 30th. They set a “hold” rating on the stock. Barclays lowered their price objective on shares of Aptiv from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada reduced their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.