Sanders Capital LLC Sells 2,312 Shares of Aptiv PLC (NYSE:APTV)

Sanders Capital LLC lessened its position in shares of Aptiv PLC (NYSE:APTV) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 838,822 shares of the auto parts company’s stock after selling 2,312 shares during the quarter. Sanders Capital LLC’s holdings in Aptiv were worth $60,404,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EdgePoint Investment Group Inc. bought a new position in Aptiv during the first quarter worth about $335,426,000. Massachusetts Financial Services Co. MA boosted its position in Aptiv by 15.9% in the second 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 buying an additional 1,764,844 shares in the last quarter. FMR LLC increased its holdings in shares of Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Aptiv by 13.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock valued at $529,212,000 after acquiring an additional 905,431 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its holdings in shares of Aptiv by 3,679.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 792,581 shares of the auto parts company’s stock worth $57,074,000 after acquiring an additional 771,608 shares in the last quarter. 94.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on APTV. Royal Bank of Canada cut their price objective on Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $78.00 to $87.00 in a research report on Friday, September 20th. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. StockNews.com started coverage on shares of Aptiv in a research note on Tuesday, November 19th. They set a “hold” rating on the stock. Finally, Oppenheimer dropped their price objective on shares of Aptiv from $147.00 to $83.00 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 company. Based on data from MarketBeat, Aptiv currently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Trading Down 0.4 %

APTV opened at $56.89 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. The firm has a market cap of $13.37 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. The firm’s fifty day moving average is $64.86 and its two-hundred day moving average is $70.15. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66.

Aptiv (NYSE:APTV) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.68 by $0.15. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. Equities research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current year.

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.