Logan Capital Management Inc. Sells 175 Shares of Aptiv PLC (NYSE:APTV)

Logan Capital Management Inc. cut its position in Aptiv PLC (NYSE:APTV) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,102 shares of the auto parts company’s stock after selling 175 shares during the period. Logan Capital Management Inc.’s holdings in Aptiv were worth $655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APTV. Principal Financial Group Inc. lifted its position in Aptiv by 1.1% during the third quarter. Principal Financial Group Inc. now owns 316,706 shares of the auto parts company’s stock valued at $22,806,000 after purchasing an additional 3,400 shares during the period. Inspire Trust Co. N.A. lifted its holdings in shares of Aptiv by 48.0% during the 3rd quarter. Inspire Trust Co. N.A. now owns 28,000 shares of the auto parts company’s stock valued at $2,016,000 after buying an additional 9,075 shares during the period. Franklin Resources Inc. boosted its stake in shares of Aptiv by 29.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock worth $336,861,000 after buying an additional 1,090,766 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Aptiv by 29.7% in the third quarter. Tidal Investments LLC now owns 15,509 shares of the auto parts company’s stock worth $1,117,000 after acquiring an additional 3,553 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Aptiv during the third quarter valued at $212,000. Institutional investors own 94.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APTV. Barclays cut their price target on Aptiv from $100.00 to $80.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Aptiv from $76.00 to $66.00 and set a “hold” rating for the company in a 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 on the stock in a research note on Friday, November 1st. TD Cowen reduced their price objective on Aptiv from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Bank of America lowered their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.29.

Aptiv Stock Up 0.6 %

Aptiv stock opened at $60.48 on Thursday. Aptiv PLC has a 52 week low of $51.47 and a 52 week high of $91.66. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 6.75, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The business’s 50-day moving average price is $57.96 and its 200 day moving average price is $65.88. 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 (NYSE:APTV) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The firm 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 business’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. As a group, sell-side analysts anticipate 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.