Aptiv PLC (NYSE:APTV) Shares Sold by Covestor Ltd

Covestor Ltd trimmed its holdings in Aptiv PLC (NYSE:APTV) by 11.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,633 shares of the auto parts company’s stock after selling 209 shares during the period. Covestor Ltd’s holdings in Aptiv were worth $118,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APTV. Massachusetts Financial Services Co. MA raised its stake in shares of Aptiv by 15.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock valued at $905,681,000 after acquiring an additional 1,764,844 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Aptiv by 13.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after buying an additional 905,431 shares during the period. Capital World Investors purchased a new stake in shares of Aptiv in the 1st quarter valued at $343,760,000. Clearbridge Investments LLC lifted its stake in Aptiv by 3.1% during the 1st quarter. Clearbridge Investments LLC now owns 4,315,484 shares of the auto parts company’s stock worth $343,728,000 after acquiring an additional 131,431 shares in the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new position in Aptiv during the 1st quarter valued at about $335,426,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Price Performance

APTV stock opened at $56.38 on Wednesday. The firm has a 50 day moving average of $67.69 and a 200-day moving average of $71.81. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.50 and a beta of 1.81. 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 12-month low of $52.81 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a return on equity of 14.51% and a net margin of 12.29%. Aptiv’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts expect that Aptiv PLC will post 6.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on APTV shares. JPMorgan Chase & Co. increased their price target on shares of Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on Aptiv in a research note on Monday. They issued a “hold” rating on the stock. Royal Bank of Canada cut their price target on Aptiv from $82.00 to $72.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Barclays decreased their price objective on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Aptiv presently has an average rating of “Moderate Buy” and an average 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.