Charles Schwab Investment Management Inc. Has $116.67 Million Holdings in Aptiv PLC (NYSE:APTV)

Charles Schwab Investment Management Inc. cut its stake in Aptiv PLC (NYSE:APTV) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,620,239 shares of the auto parts company’s stock after selling 4,743 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.69% of Aptiv worth $116,673,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB acquired a new position in shares of Aptiv in the second quarter valued at $25,018,000. Virtu Financial LLC bought a new stake in Aptiv in the 1st quarter valued at $605,000. Proactive Wealth Strategies LLC acquired a new position in shares of Aptiv in the 3rd quarter valued at $1,815,000. Parkside Investments LLC lifted its holdings in shares of Aptiv by 64.4% during the 2nd quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after acquiring an additional 39,685 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Aptiv by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock valued at $139,407,000 after acquiring an additional 131,148 shares in the last quarter. Institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 5.0 %

Shares of APTV opened at $57.11 on Tuesday. The stock’s fifty day simple moving average is $64.86 and its 200-day simple moving average is $70.15. The firm has a market capitalization of $13.42 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. Aptiv PLC has a 12-month low of $51.47 and a 12-month high of $91.66. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the company posted $1.30 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts predict that Aptiv PLC will post 6.15 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on APTV. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 1st. Robert W. Baird decreased their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Bank of America dropped their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Morgan Stanley reduced their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, November 14th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five 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 a consensus price target of $85.29.

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.