Aptiv PLC (NYSE:APTV) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its stake in Aptiv PLC (NYSE:APTV) by 12.1% in the third quarter, Holdings Channel.com reports. The firm owned 26,363 shares of the auto parts company’s stock after selling 3,625 shares during the quarter. Pathstone Holdings LLC’s holdings in Aptiv were worth $1,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in Aptiv during the second quarter worth about $25,000. Crewe Advisors LLC increased its holdings in shares of Aptiv by 94.7% during the 2nd quarter. Crewe Advisors LLC now owns 442 shares of the auto parts company’s stock worth $31,000 after buying an additional 215 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings 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 buying an additional 155 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Aptiv during the 2nd quarter valued at approximately $38,000. Finally, Capital Performance Advisors LLP acquired a new position in Aptiv in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on APTV. JPMorgan Chase & Co. raised their target price on Aptiv from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Morgan Stanley cut their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. TD Cowen decreased their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada dropped their price target 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. Finally, Wells Fargo & Company upgraded shares of Aptiv from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $78.00 to $87.00 in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.29.

Aptiv Stock Down 3.2 %

APTV stock opened at $55.28 on Wednesday. Aptiv PLC has a fifty-two week low of $51.47 and a fifty-two week high of $91.66. The company’s 50 day moving average price is $64.56 and its 200 day moving average price is $69.96. 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 capitalization of $12.99 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 0.55 and a beta of 1.81.

Aptiv (NYSE:APTV) last released its quarterly earnings data 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. The business had revenue of $4.85 billion during 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 company earned $1.30 EPS. On average, equities research analysts anticipate that Aptiv PLC will post 6.15 EPS for the current fiscal 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.