Aptiv PLC (NYSE:APTV) Stake Reduced by Atria Investments Inc

Atria Investments Inc cut its stake in shares of Aptiv PLC (NYSE:APTV) by 56.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,858 shares of the auto parts company’s stock after selling 6,280 shares during the period. Atria Investments Inc’s holdings in Aptiv were worth $350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB acquired a new stake in Aptiv during the 2nd quarter valued at $25,018,000. Virtu Financial LLC acquired a new position in shares of Aptiv during the 1st quarter worth $605,000. Parkside Investments LLC boosted its holdings in Aptiv by 64.4% in the second quarter. Parkside Investments LLC now owns 101,325 shares of the auto parts company’s stock worth $7,135,000 after purchasing an additional 39,685 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Aptiv by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,750,233 shares of the auto parts company’s stock worth $139,407,000 after buying an additional 131,148 shares during the last quarter. Finally, AMF Tjanstepension AB increased its holdings in shares of Aptiv by 21.4% during the 2nd quarter. AMF Tjanstepension AB now owns 117,043 shares of the auto parts company’s stock valued at $8,242,000 after acquiring an additional 20,593 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

Aptiv Stock Up 1.4 %

Shares of NYSE:APTV opened at $53.35 on Friday. The company’s fifty day moving average is $65.38 and its 200-day moving average is $70.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.06 and a current ratio of 1.50. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The company has a market capitalization of $12.54 billion, a PE ratio of 5.95, a P/E/G ratio of 0.46 and a beta of 1.81.

Aptiv (NYSE:APTV) last issued its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.83 earnings per share 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 firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the firm earned $1.30 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts predict that Aptiv PLC will post 6.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on APTV. Bank of America reduced their price objective on shares of Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com began coverage on Aptiv in a research note on Tuesday. They set a “hold” rating for the company. Wells Fargo & Company raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $87.00 in a research report on Friday, September 20th. Robert W. Baird dropped their target price on shares of Aptiv from $85.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Guggenheim reduced their price target on shares of Aptiv from $87.00 to $73.00 and set a “buy” rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.29.

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.