GAMMA Investing LLC Has $37,000 Holdings in Aptiv PLC (NYSE:APTV)

GAMMA Investing LLC trimmed its stake in Aptiv PLC (NYSE:APTV) by 44.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 614 shares of the auto parts company’s stock after selling 492 shares during the period. GAMMA Investing LLC’s holdings in Aptiv were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its position in Aptiv by 20.4% during the third quarter. FMR LLC now owns 7,648,369 shares of the auto parts company’s stock worth $550,759,000 after buying an additional 1,294,670 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of 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 purchasing an additional 905,431 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Aptiv by 1,390.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,361,795 shares of the auto parts company’s stock valued at $386,103,000 after purchasing an additional 5,002,090 shares during the period. Franklin Resources Inc. raised its stake in shares of Aptiv by 29.9% in the third quarter. Franklin Resources Inc. now owns 4,738,514 shares of the auto parts company’s stock valued at $336,861,000 after purchasing an additional 1,090,766 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in Aptiv by 18.5% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,488,395 shares of the auto parts company’s stock worth $179,189,000 after purchasing an additional 388,045 shares during the period. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APTV shares. Royal Bank of Canada dropped their price objective on shares of Aptiv from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price target on shares of Aptiv from $68.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, November 14th. Guggenheim reaffirmed a “buy” rating and set a $73.00 price objective on shares of Aptiv in a report on Thursday, December 5th. Bank of America cut their target price on Aptiv from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Aptiv from $76.00 to $66.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.29.

Aptiv Price Performance

Aptiv stock opened at $61.41 on Wednesday. The firm has a market cap of $14.43 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.59 and a beta of 1.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.50 and a quick ratio of 1.06. The stock’s fifty day moving average price is $57.49 and its two-hundred day moving average price is $65.15. Aptiv PLC has a one year low of $51.47 and a one year high of $88.89.

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 analysts’ consensus estimates of $1.68 by $0.15. Aptiv had a net margin of 12.29% and a return on equity of 14.51%. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, research analysts expect that Aptiv PLC will post 6.15 EPS for the current fiscal year.

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.