Amalgamated Bank Cuts Stock Holdings in Aptiv PLC (NYSE:APTV)

Amalgamated Bank reduced its position in Aptiv PLC (NYSE:APTV) by 28.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,565 shares of the auto parts company’s stock after selling 21,396 shares during the period. Amalgamated Bank’s holdings in Aptiv were worth $3,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the 2nd quarter worth about $25,000. Clearstead Trust LLC boosted its position in Aptiv by 305.0% during the first quarter. Clearstead Trust LLC now owns 405 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Crewe Advisors LLC grew its holdings in Aptiv by 94.7% in the second quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 215 shares during the period. Wolff Wiese Magana LLC raised its stake in shares of Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock worth $36,000 after buying an additional 155 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Aptiv during the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Performance

Aptiv stock opened at $56.26 on Friday. The firm has a 50 day simple moving average of $68.01 and a 200-day simple moving average of $71.90. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. Aptiv PLC has a 1-year low of $52.81 and a 1-year high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.15. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. The company had revenue of $4.85 billion during 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. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts expect that Aptiv PLC will post 6.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on APTV shares. Royal Bank of Canada reduced their price objective 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. Morgan Stanley decreased their price target on shares of Aptiv from $70.00 to $68.00 and set an “underweight” rating on the stock in a research note on Wednesday, September 25th. Oppenheimer cut their price objective on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com started coverage on Aptiv in a research report on Sunday, November 3rd. They issued a “hold” rating on the stock. Finally, TD Cowen dropped their price target on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.