Gibraltar Capital Management Inc. Reduces Holdings in Aptiv PLC (NYSE:APTV)

Gibraltar Capital Management Inc. lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,880 shares of the auto parts company’s stock after selling 18,503 shares during the quarter. Aptiv makes up 3.5% of Gibraltar Capital Management Inc.’s portfolio, making the stock its 11th largest holding. Gibraltar Capital Management Inc.’s holdings in Aptiv were worth $7,855,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Aptiv during the 3rd quarter valued at $11,250,000. Ballentine Partners LLC increased its position in shares of Aptiv by 14.5% during the 3rd quarter. Ballentine Partners LLC now owns 3,768 shares of the auto parts company’s stock valued at $271,000 after purchasing an additional 478 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Aptiv by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,421 shares of the auto parts company’s stock valued at $2,630,000 after buying an additional 3,709 shares during the period. Forsta AP Fonden lifted its position in Aptiv by 3.5% in the third quarter. Forsta AP Fonden now owns 95,100 shares of the auto parts company’s stock worth $6,848,000 after buying an additional 3,200 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of Aptiv during the 3rd quarter worth approximately $257,000. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

NYSE:APTV opened at $66.69 on Wednesday. The company’s 50-day moving average is $62.37 and its two-hundred day moving average is $63.92. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.62 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.53 and a quick ratio of 1.07. Aptiv PLC has a 1-year low of $51.47 and a 1-year high of $85.56.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share 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%. Analysts forecast that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on APTV shares. Hsbc Global Res upgraded Aptiv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Raymond James restated a “market perform” rating on shares of Aptiv in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, February 7th. Wells Fargo & Company upped their target price on Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Barclays lifted their price target on Aptiv from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Aptiv currently has a consensus rating of “Moderate Buy” and an average target price of $85.61.

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.