Exchange Traded Concepts LLC Has $12.15 Million Holdings in Aptiv PLC (NYSE:APTV)

Exchange Traded Concepts LLC grew its stake in Aptiv PLC (NYSE:APTV) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,924 shares of the auto parts company’s stock after purchasing an additional 38,554 shares during the period. Exchange Traded Concepts LLC’s holdings in Aptiv were worth $12,152,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dakota Wealth Management bought a new stake in Aptiv in the 4th quarter valued at $596,000. Nisa Investment Advisors LLC increased its stake in Aptiv by 44.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 37,289 shares of the auto parts company’s stock valued at $2,255,000 after acquiring an additional 11,469 shares during the period. Crossmark Global Holdings Inc. raised its position in Aptiv by 5.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,826 shares of the auto parts company’s stock worth $715,000 after purchasing an additional 624 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in Aptiv by 169.1% during the fourth quarter. Gilman Hill Asset Management LLC now owns 45,875 shares of the auto parts company’s stock worth $2,775,000 after purchasing an additional 28,828 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in Aptiv by 14.4% during the fourth quarter. Arkadios Wealth Advisors now owns 4,090 shares of the auto parts company’s stock worth $247,000 after purchasing an additional 515 shares during the period. Institutional investors own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $63.07 on Friday. The company has a market cap of $14.82 billion, a PE ratio of 7.04, a PEG ratio of 0.56 and a beta of 1.75. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.91. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $88.89. The company’s 50-day moving average is $58.19 and its two-hundred day moving average is $64.84.

Aptiv (NYSE:APTV) last announced its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Aptiv’s revenue was down 5.1% compared to the same quarter last year. Equities analysts anticipate that Aptiv PLC will post 6.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on APTV. TD Cowen cut their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Fox Advisors downgraded shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Royal Bank of Canada dropped their target price on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Oppenheimer decreased their price objective on shares of Aptiv from $147.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Aptiv currently has an average rating of “Moderate Buy” and an average target price of $85.06.

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.