Commerce Bank Sells 1,077 Shares of Aptiv PLC (NYSE:APTV)

Commerce Bank reduced its position in shares of Aptiv PLC (NYSE:APTV) by 10.9% in the third quarter, Holdings Channel reports. The firm owned 8,785 shares of the auto parts company’s stock after selling 1,077 shares during the quarter. Commerce Bank’s holdings in Aptiv were worth $633,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of APTV. Independence Bank of Kentucky purchased a new stake in shares of Aptiv during the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted its position in Aptiv by 94.7% in the 2nd 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 in the last quarter. Wolff Wiese Magana LLC boosted its stake in Aptiv by 44.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 505 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Aptiv in the 2nd quarter worth $38,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Aptiv in the third quarter worth $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 topic of several recent analyst reports. Guggenheim dropped their price objective on Aptiv from $87.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Robert W. Baird reduced their price target on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Nomura Securities upgraded shares of Aptiv from a “strong sell” rating to a “hold” rating in a research report on Monday, August 19th. Barclays dropped their target price on shares of Aptiv from $100.00 to $80.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Morgan Stanley decreased their target price on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Aptiv has a consensus rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Up 5.0 %

NYSE APTV opened at $57.11 on Tuesday. The stock’s 50-day moving average price is $64.86 and its 200-day moving average price is $70.15. The company has a market capitalization of $13.42 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. 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 PLC has a 52 week low of $51.47 and a 52 week high of $91.66.

Aptiv (NYSE:APTV) last released its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.15. The company 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 firm’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 EPS. On average, equities research analysts predict that Aptiv PLC will post 6.15 earnings per share for the current year.

Aptiv 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.