Aptiv PLC (NYSE:APTV) Stake Lessened by Swedbank AB

Swedbank AB cut its holdings in shares of Aptiv PLC (NYSE:APTV) by 52.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,763 shares of the auto parts company’s stock after selling 187,500 shares during the quarter. Swedbank AB’s holdings in Aptiv were worth $12,081,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in Aptiv in the second quarter valued at about $25,000. Crewe Advisors LLC lifted its stake 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 acquiring an additional 215 shares during the last quarter. Wolff Wiese Magana LLC increased 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 purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Aptiv in the second quarter worth $38,000. Finally, Capital Performance Advisors LLP bought a new position in Aptiv during the third quarter valued at about $43,000. 94.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APTV has been the subject of several analyst reports. Guggenheim reduced their target price on Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Barclays cut their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Bank of America cut their price objective on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Nomura Securities upgraded Aptiv from a “strong sell” rating to a “hold” rating in a report on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. Two investment 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.29.

Aptiv Stock Down 3.2 %

Shares of NYSE APTV opened at $55.28 on Wednesday. The stock has a market cap of $12.99 billion, a PE ratio of 6.17, a PEG ratio of 0.55 and a beta of 1.81. 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 business has a fifty day moving average of $64.56 and a two-hundred day moving average of $69.96. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.30 EPS. As a group, equities research analysts expect that Aptiv PLC will post 6.15 earnings per share for the current fiscal 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.