Captrust Financial Advisors trimmed its position in Aptiv PLC (NYSE:APTV – Free Report) by 44.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,145 shares of the auto parts company’s stock after selling 4,880 shares during the period. Captrust Financial Advisors’ holdings in Aptiv were worth $443,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB purchased a new stake in Aptiv in the 2nd quarter valued at approximately $25,018,000. Proactive Wealth Strategies LLC purchased a new stake in shares of Aptiv in the third quarter valued at approximately $1,815,000. National Pension Service grew its holdings in Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock worth $36,214,000 after acquiring an additional 71,633 shares during the period. Mirabella Financial Services LLP raised its position in Aptiv by 184.8% in the third quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock worth $2,711,000 after acquiring an additional 24,432 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Aptiv by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after acquiring an additional 47,215 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.
Aptiv Stock Down 0.6 %
APTV opened at $58.56 on Friday. The firm has a 50 day moving average price of $61.35 and a 200 day moving average price of $68.09. The company has a market cap of $13.76 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.57 and a beta of 1.78. Aptiv PLC has a 1 year low of $51.47 and a 1 year high of $91.66. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50.
Aptiv (NYSE:APTV – Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the business earned $1.30 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts expect that Aptiv PLC will post 6.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on APTV. Guggenheim reiterated a “buy” rating and issued a $73.00 price target on shares of Aptiv in a report on Thursday, December 5th. StockNews.com began coverage on shares of Aptiv in a research note on Friday. They issued a “hold” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Aptiv from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Fox Advisors cut Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.29.
Read Our Latest Report on Aptiv
Aptiv Company Profile
(Free Report)
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.
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