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

Metis Global Partners LLC cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 32.3% during the fourth quarter, Holdings Channel.com reports. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APTV. Brown Brothers Harriman & Co. boosted 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 acquiring an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Aptiv in the third quarter valued at approximately $43,000. Brooklyn Investment Group acquired a new stake in Aptiv in the third quarter valued at approximately $43,000. CENTRAL TRUST Co boosted its stake 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 acquiring an additional 677 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in Aptiv in the third quarter valued at approximately $64,000. 94.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on APTV shares. Hsbc Global Res upgraded shares of Aptiv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Raymond James reiterated a “market perform” rating on shares of Aptiv in a research note on Monday, February 3rd. Piper Sandler upgraded shares of Aptiv from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $65.00 in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Aptiv from $76.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Argus upgraded shares of Aptiv to a “strong-buy” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.61.

Aptiv Stock Up 3.7 %

APTV opened at $65.13 on Thursday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week 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. The company has a fifty day moving average of $63.11 and a two-hundred day moving average of $63.81. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 0.62 and a beta of 1.74.

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, beating 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%. On average, research analysts expect that Aptiv PLC will post 7.2 earnings per share for the current year.

Aptiv Company 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.