QRG Capital Management Inc. Reduces Position in Aptiv PLC (NYSE:APTV)

QRG Capital Management Inc. trimmed its position in Aptiv PLC (NYSE:APTV) by 10.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 14,441 shares of the auto parts company’s stock after selling 1,626 shares during the period. QRG Capital Management Inc.’s holdings in Aptiv were worth $873,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. raised its stake in Aptiv by 1,410.3% in the third quarter. Brown Brothers Harriman & Co. now owns 438 shares of the auto parts company’s stock valued at $32,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the 3rd quarter valued at about $43,000. Brooklyn Investment Group acquired a new stake in shares of Aptiv during the 3rd quarter worth about $43,000. Hazlett Burt & Watson Inc. lifted its stake in Aptiv by 100.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 702 shares of the auto parts company’s stock worth $50,000 after purchasing an additional 351 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in Aptiv by 356.3% in the fourth quarter. CENTRAL TRUST Co now owns 867 shares of the auto parts company’s stock valued at $52,000 after purchasing an additional 677 shares in the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on APTV shares. Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Oppenheimer lifted their price target on shares of Aptiv from $83.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Evercore ISI decreased their price objective on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Finally, Barclays boosted their target price on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Aptiv has a consensus rating of “Moderate Buy” and a consensus target price of $85.61.

Aptiv Price Performance

Shares of NYSE APTV opened at $64.04 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. The company has a market cap of $14.69 billion, a PE ratio of 9.31, a P/E/G ratio of 0.62 and a beta of 1.74. The stock has a fifty day moving average price of $62.95 and a 200 day moving average price of $63.85. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current 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.