Metis Global Partners LLC Sells 4,246 Shares of Aptiv PLC (NYSE:APTV)

Metis Global Partners LLC lowered its position in Aptiv PLC (NYSE:APTV) by 32.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,884 shares of the auto parts company’s stock after selling 4,246 shares during the period. Metis Global Partners LLC’s holdings in Aptiv were worth $537,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock valued at $550,759,000 after purchasing an additional 1,294,670 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Aptiv by 1,390.6% during the 3rd 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 valued at $386,103,000 after purchasing an additional 5,002,090 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Aptiv by 29.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Aptiv by 19.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,854,301 shares of the auto parts company’s stock valued at $172,117,000 after purchasing an additional 468,069 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Aptiv by 18.5% during 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 purchasing an additional 388,045 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Shares of NYSE:APTV opened at $65.13 on Thursday. The firm has a market cap of $14.94 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.74. The firm’s 50 day simple moving average is $63.11 and its 200-day simple moving average is $63.81. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.07 and a current ratio of 1.53.

Aptiv (NYSE:APTV) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a net margin of 9.07% and a return on equity of 15.63%. As a group, equities analysts predict that Aptiv PLC will post 7.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented 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. Piper Sandler raised shares of Aptiv from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $65.00 in a report on Thursday, January 23rd. Royal Bank of Canada upped their target price on shares of Aptiv from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Evercore ISI decreased their target price on shares of Aptiv from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley decreased their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.61.

Aptiv 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.