RNC Capital Management LLC Has $1.10 Million Stock Position in Aptiv PLC (NYSE:APTV)

RNC Capital Management LLC reduced its position in Aptiv PLC (NYSE:APTV) by 41.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,127 shares of the auto parts company’s stock after selling 12,681 shares during the period. RNC Capital Management LLC’s holdings in Aptiv were worth $1,096,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Tectonic Advisors LLC raised its holdings in Aptiv by 5.7% in the 4th quarter. Tectonic Advisors LLC now owns 17,099 shares of the auto parts company’s stock valued at $1,034,000 after acquiring an additional 915 shares during the period. Money Concepts Capital Corp bought a new position in Aptiv in the 4th quarter valued at about $521,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Aptiv by 9.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,847 shares of the auto parts company’s stock valued at $2,343,000 after acquiring an additional 3,426 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Aptiv by 50.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,481 shares of the auto parts company’s stock valued at $392,000 after acquiring an additional 2,174 shares during the period. Finally, Ninety One SA PTY Ltd bought a new position in Aptiv in the 4th quarter valued at about $351,000. 94.21% of the stock is currently owned by institutional investors and hedge funds.

Aptiv Price Performance

Aptiv stock opened at $63.38 on Friday. The stock’s 50 day moving average is $59.91 and its 200 day moving average is $64.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The firm has a market cap of $14.90 billion, a P/E ratio of 7.07, a P/E/G ratio of 0.55 and a beta of 1.74. Aptiv PLC has a one year low of $51.47 and a one year high of $85.56.

Aptiv (NYSE:APTV) last posted its quarterly earnings data on Thursday, February 6th. The auto parts company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.12. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. As a group, research analysts expect that Aptiv PLC will post 6.18 EPS for the current year.

Wall Street Analyst Weigh In

APTV has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Aptiv from $70.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. StockNews.com initiated coverage on shares of Aptiv in a report on Friday. They set a “hold” rating on the stock. TD Cowen lowered their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. HSBC raised shares of Aptiv from a “hold” rating to a “buy” rating and raised their target price for the stock from $63.00 to $77.00 in a report on Tuesday. Finally, Baird R W raised shares of Aptiv from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.