Lindbrook Capital LLC Sells 164 Shares of Aptiv PLC (NYSE:APTV)

Lindbrook Capital LLC reduced its stake in shares of Aptiv PLC (NYSE:APTV) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427 shares of the auto parts company’s stock after selling 164 shares during the quarter. Lindbrook Capital LLC’s holdings in Aptiv were worth $26,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. South Dakota Investment Council increased its holdings in shares of Aptiv by 32.9% during the 4th quarter. South Dakota Investment Council now owns 128,954 shares of the auto parts company’s stock worth $7,799,000 after purchasing an additional 31,941 shares during the period. Proactive Wealth Strategies LLC bought a new position in shares of Aptiv during the 3rd quarter worth about $1,815,000. Focus Financial Network Inc. bought a new position in shares of Aptiv during the 4th quarter worth about $379,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock worth $8,022,000 after purchasing an additional 47,215 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Aptiv during the 3rd quarter worth about $14,893,000. 94.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on APTV shares. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and upped their target price for the company from $63.00 to $77.00 in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft raised shares of Aptiv from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Friday, February 7th. 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 note on Friday, February 7th. StockNews.com started coverage on shares of Aptiv in a research note on Monday, March 3rd. They issued a “hold” rating on the stock. Finally, Robert W. Baird raised shares of Aptiv from a “neutral” rating to an “outperform” rating and upped their target price for the company from $75.00 to $82.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average price target of $86.50.

Aptiv Price Performance

Shares of APTV stock opened at $66.81 on Monday. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $85.56. The firm’s 50 day moving average is $63.34 and its 200-day moving average is $63.70. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.62 and a beta of 1.78. The company has a current ratio of 1.53, a quick ratio of 1.07 and a debt-to-equity ratio of 0.87.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, February 6th. The auto parts company reported $1.75 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Aptiv PLC will post 7.2 EPS for the current fiscal 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.