Mutual of America Capital Management LLC Sells 1,591 Shares of Aptiv PLC (NYSE:APTV)

Mutual of America Capital Management LLC lowered its holdings in Aptiv PLC (NYSE:APTV) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,744 shares of the auto parts company’s stock after selling 1,591 shares during the period. Mutual of America Capital Management LLC’s holdings in Aptiv were worth $2,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APTV. 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 buying an additional 771,608 shares during the last quarter. Empowered Funds LLC grew its position in shares of Aptiv by 6.2% during the 3rd quarter. Empowered Funds LLC now owns 6,404 shares of the auto parts company’s stock valued at $461,000 after acquiring an additional 375 shares during the period. CIBC Asset Management Inc grew its position in shares of Aptiv by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 31,964 shares of the auto parts company’s stock valued at $2,302,000 after acquiring an additional 2,399 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Aptiv by 4.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,119 shares of the auto parts company’s stock worth $585,000 after purchasing an additional 310 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Aptiv by 2.5% in the third quarter. Metis Global Partners LLC now owns 13,130 shares of the auto parts company’s stock valued at $945,000 after purchasing an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Wall Street Analyst Weigh In

APTV has been the subject of a number of recent research reports. TD Cowen decreased their target price on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a report on Friday, November 1st. Bank of America cut their target price on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. StockNews.com assumed coverage on shares of Aptiv in a research report on Tuesday, November 19th. They issued a “hold” rating on the stock. Finally, Barclays cut their price objective on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Two investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Price Performance

APTV stock opened at $54.38 on Friday. The firm has a 50 day simple moving average of $65.09 and a two-hundred day simple moving average of $70.43. The stock has a market cap of $12.78 billion, a PE ratio of 6.07, a P/E/G ratio of 0.48 and a beta of 1.81. Aptiv PLC has a one year low of $51.47 and a one year high of $91.66. 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 (NYSE:APTV) last announced its earnings results 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. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. 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 previous year, the business earned $1.30 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.