HighTower Advisors LLC Has $997,000 Stake in Aptiv PLC (NYSE:APTV)

HighTower Advisors LLC lessened its holdings in shares of Aptiv PLC (NYSE:APTV) by 63.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,086 shares of the auto parts company’s stock after selling 24,783 shares during the period. HighTower Advisors LLC’s holdings in Aptiv were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Proactive Wealth Strategies LLC bought a new position in Aptiv in the 3rd quarter valued at approximately $1,815,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Aptiv by 73.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,401 shares of the auto parts company’s stock valued at $8,022,000 after purchasing an additional 47,215 shares during the last quarter. National Pension Service boosted its position in shares of Aptiv by 16.6% during the third quarter. National Pension Service now owns 502,896 shares of the auto parts company’s stock valued at $36,214,000 after buying an additional 71,633 shares during the last quarter. Mirabella Financial Services LLP grew its position in Aptiv by 184.8% in the 3rd quarter. Mirabella Financial Services LLP now owns 37,650 shares of the auto parts company’s stock worth $2,711,000 after purchasing an additional 24,432 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in shares of Aptiv during the third quarter valued at approximately $1,075,000. Institutional investors and hedge funds own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on APTV. Fox Advisors cut shares of Aptiv from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 1st. StockNews.com began coverage on Aptiv in a report on Friday, December 13th. They set a “hold” rating on the stock. Guggenheim reaffirmed a “buy” rating and issued a $73.00 target price on shares of Aptiv in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen reduced their target price on shares of Aptiv from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Two investment 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’s stock. According to MarketBeat.com, Aptiv has an average rating of “Moderate Buy” and a consensus target price of $84.29.

Aptiv Trading Down 0.2 %

NYSE APTV opened at $57.87 on Wednesday. The stock’s 50 day moving average is $60.41 and its 200 day moving average is $67.30. 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 has a market capitalization of $13.60 billion, a PE ratio of 6.46, a P/E/G ratio of 0.59 and a beta of 1.78. Aptiv PLC has a twelve month low of $51.47 and a twelve month high of $91.66.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 31st. The auto parts company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.15. The firm 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 company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS. Research analysts forecast that Aptiv PLC will post 6.15 earnings per share for the current fiscal year.

About Aptiv

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.