D.A. Davidson & CO. Cuts Position in Aptiv PLC (NYSE:APTV)

D.A. Davidson & CO. lowered its position in shares of Aptiv PLC (NYSE:APTV) by 17.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,912 shares of the auto parts company’s stock after selling 3,604 shares during the quarter. D.A. Davidson & CO.’s holdings in Aptiv were worth $1,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Aptiv by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,861,135 shares of the auto parts company’s stock worth $905,681,000 after purchasing an additional 1,764,844 shares in the last quarter. FMR LLC lifted its position in Aptiv by 20.4% during the 3rd quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after acquiring an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Aptiv by 13.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,515,074 shares of the auto parts company’s stock worth $529,212,000 after acquiring an additional 905,431 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in 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 during the period. Finally, SG Americas Securities LLC raised its stake in shares of Aptiv by 1,368.6% during the third quarter. SG Americas Securities LLC now owns 414,273 shares of the auto parts company’s stock valued at $29,832,000 after purchasing an additional 386,064 shares during the period. Institutional investors and hedge funds own 94.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Nomura Securities raised shares of Aptiv from a “strong sell” rating to a “hold” rating in a research note on Monday, August 19th. Robert W. Baird cut their price target on Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Oppenheimer reduced their price target on Aptiv from $147.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Morgan Stanley dropped their price objective on Aptiv from $68.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, November 14th. Finally, Barclays reduced their target price on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.29.

Aptiv Stock Performance

Shares of NYSE APTV opened at $55.53 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $63.69 and its two-hundred day moving average price is $69.39. Aptiv PLC has a 52-week low of $51.47 and a 52-week high of $91.66. The stock has a market capitalization of $13.05 billion, a P/E ratio of 6.20, a P/E/G ratio of 0.56 and a beta of 1.81.

Aptiv (NYSE:APTV) last announced its quarterly 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. The business had revenue of $4.85 billion for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $1.30 EPS. As a group, sell-side analysts forecast 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.